Alkami Technology’s IPO plans to be led by Goldman Sachs

The US financial services industry saw a rise of 1.7% in overall deal activity during July 2020, when compared with the last 12-month average, 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 code below into your website to display the chart.

A total of 119 deals worth $7.64bn were announced in July 2020, compared to the 12-month average of 117 deals.

M&A was the leading category in the month in terms of volume with 70 deals which accounted for 58.8% of all deals.

In second place was venture financing with 36 deals, followed by private equity with 13 transactions, respectively accounting for 30.3% and 10.9% of overall deal activity in the country’s financial services industry during the month.

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 terms of value of deals, M&A was the leading deal category in the US financial services industry with total deals worth $5.68bn, while private equity and venture financing deals totalled $1.1bn and $860.14m, respectively.

US financial services industry deals in July 2020: Top deals

The top five financial services industry deals accounted for 82.4% of the overall value during July 2020.

The combined value of the top five financial services deals stood at $6.3bn, against the overall value of $7.64bn recorded for the month.

The top five financial services industry deals of July 2020 tracked by GlobalData were:

1) The Allstate’s $4.52bn acquisition of National General Holdings

2) The $625m private equity deal with Benefytt Technologies by Madison Dearborn Partners

3) Wafra’s $400m acquisition of Digital Colony Partners

4) The $400m acquisition of Bank of America by Berkshire Hathaway

5) Corsair Capital’s private equity deal with Multi Service Technology Solutions for $350m.

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.