Total financial services industry deals for February 2020 worth $44.81bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 238.2% over the previous month and a rise of 58.7% when compared with the last 12-month average of $28.24bn.
In terms of number of deals, the sector saw a drop of 9.6% over the last 12-month average with 274 deals against the average of 303 deals.
In value terms, North America led the activity with deals worth $29.05bn.
Financial services industry deals in February 2020: Top deals
The top five financial services deals accounted for 74.8% of the overall value during February 2020.
The combined value of the top five financial services deals stood at $33.5bn, against the overall value of $44.81bn recorded for the month.
The top five financial services industry deals of February 2020 tracked by GlobalData were:
1) Morgan Stanley’s $13bn acquisition of E*Trade Financial
2) The $8.65bn acquisition of Ingenico by Worldline
3) Franklin Resources’ $6.5bn acquisition of Legg Mason
4) The $2.7bn acquisition of FGL Holdings by Fidelity National Financial
5) Ally Financial’s acquisition of CardWorks for $2.65bn.
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.