Total financial services industry deals for July 2019 worth $19.75bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 67.04% over the previous month and a drop of 16.5% when compared with the last 12-month average of $23.66bn.
In terms of number of deals, the sector saw a rise of 21.8% over the last 12-month average with 313 deals against the average of 257 deals.
In value terms, Asia-Pacific led the activity with deals worth $10.52bn.
Financial services industry deals in July 2019: Top deals
The top five financial services deals accounted for 67.6% of the overall value during July 2019.
The combined value of the top five financial services deals stood at $13.34bn, against the overall value of $19.75bn recorded for the month.
The top five financial services industry deals of July 2019 tracked by GlobalData were:
1) BIF IV Jarvis India’s $3.62bn private equity deal with Reliance Industrial Investments and
2) The $3.01bn acquisition of SCB Life Assurance PublicLimited by FWD Group Financial Services
3) Banco Santander’s $2.87bn acquisition of Banco Santander Mexico
4) The $2.04bn acquisition of Xiangcai Securities by Hako Holding GmbH & Co
5) The Charles Schwab’s asset transaction with United Services Automobile Association for $1.8bn.
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.