Total financial services industry M&A deals in December 2019 worth $28.56bn were announced globally, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the code below into your website to display the chart.
The value marked a decrease of 23.1% over the previous month and a rise of 29.7% when compared with the last 12-month average, which stood at $22.03bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $10.67bn. At the country level, the US topped the list in terms of deal value at $9.71bn.
In terms of volumes, North America emerged as the top region for financial services industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in December 2019 was the US with 73 deals, followed by the UK with 30 and Canada with eight.
In 2019, as of the end of December 2019, financial services M&A deals worth $283.2bn were announced globally, marking an increase of 55.5% year on year.
Financial services industry M&A deals in December 2019: Top deals
The top five financial services industry M&A deals accounted for 53.5% of the overall value during December 2019.
The combined value of the top five financial services M&A deals stood at $15.27bn, against the overall value of $28.56bn recorded for the month.
The top five financial services industry deals of December 2019 tracked by GlobalData were:
1) New York Life Insurance’s $6.3bn asset transaction with Cigna
2) The $4.27bn acquisition of ReAssure Group by Phoenix Group Holdings
3) FOINS BLOCKCHAIN’s $2.1bn acquisition of AliExchange
4) The $1.35bn acquisition of PT Bank Permata by Bangkok Bank Public
5) Resolution Life Holdings’ asset transaction with Voya Financial for $1.25bn.
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.