The UK financial services industry saw a rise of 1.9% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 108 deals worth $8.13bn were announced in Q4 2019, compared to the last four-quarter average of 106 deals.
M&A was the leading category in the quarter with 76 deals which accounted for 70.4% of all deals.
In second place was venture financing with 24 deals, followed by private equity with eight transactions, respectively accounting for 22.2% and 7.4% of overall deal activity in the country’s financial services industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the UK financial services industry with total deals worth $6.55bn, while private equity and venture financing deals totalled $1.3bn and $276.43m, respectively.
The UK financial services industry deals in Q4 2019: Top deals
The top five financial services deals accounted for 81% of the overall value during Q4 2019.
The combined value of the top five financial services deals stood at $6.58bn, against the overall value of $8.13bn recorded for the month.
The top five financial services industry deals of Q4 2019 tracked by GlobalData were:
1) Phoenix Group Holdings’ $4.27bn acquisition of ReAssure Group
2) The $655m private equity deal with Greensill Capital (UK) by SoftBank Vision Fund
3) Rathbone Investment Management’s $643.77m asset transaction with Barclays Wealth and Investment Management
4) The $560m private equity deal with Riverstone Management by Ontario Municipal Employees Retirement System
5) Banco Santander’s acquisition of Ebury Partners for $452.66m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.