North America’s financial services industry saw a drop of 10.26% in deal activity during March 2022, when compared with the last 12-month average, led by Berkshire Hathaway’s $11.6bn acquisition of Alleghany, according to GlobalData’s deals database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

A total of 140 financial services industry deals worth $15.7bn were announced for the region in March 2022, against the 12-month average of 156 deals.

Of all the deal types, M&A saw most activity in March 2022 with 84 transactions, representing a 60% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 43 deals, followed by private equity deals with 13 transactions, respectively capturing a 30.7% and 9.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s financial services industry with $12.96bn, while venture financing and private equity deals totalled $1.79bn and $955.56m, respectively.

North America financial services industry deals in March 2022: Top deals

The top five financial services deals accounted for 87.7% of the overall value during March 2022.

The combined value of the top five financial services deals stood at $13.77bn, against the overall value of $15.7bn recorded for the month.

The top five financial services industry deals of March 2022 tracked by GlobalData were:

1) Berkshire Hathaway $11.6bn acquisition deal with Alleghany

2) The $850m private equity of CBAM Partners by The Carlyle Group

3) AllianceBernstein $750m acquisition deal with Carval Investors

4) The $300m venture financing of Acorns Grow by Bain Capital Ventures,BlackRock,Galaxy Digital,Greycroft Partners,Industry Ventures Fund IV,Owl Rock Capital,Senator Investment Group,Thirty Five Ventures,Torch Capital and TPG Capital

5) BRP Group $274.17m acquisition deal with Westwood Insurance Agency