Total financial services industry M&A deals in February 2019 worth $6.47bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 60.3% over the previous month and a drop of 69.6% when compared with the last 12-month average, which stood at $21.31bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.25bn. At the country level, India topped the list in terms of deal value at $1.23bn.
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 February 2019 was the US with 70 deals, followed by the UK with 32 and Canada with six.
In 2019, as of the end of February 2019, financial services M&A deals worth $22.78bn were announced globally, marking a decrease of 44.5% year on year.
Financial services industry M&A deals in February 2019: Top deals
The top five financial services industry M&A deals accounted for 48.6% of the overall value during February 2019.
The combined value of the top five financial services industry M&A deals stood at $3.15bn, against the overall value of $6.47bn recorded for the month. The top announced financial services industry M&A deal tracked by GlobalData in February 2019 was LDF’s $800m acquisition of Kabu.com Securities.
In second place was the $750m acquisition of SpeedPay by ACI Worldwide and in third place was Henan Wansong Construction Engineering Co and Zhongyuan Bank’s $699.45m acquisition of AB Leasing.
The $640m acquisition of WorldFirst by Ant Financial Services Group and Blockchain Exchange Alliance’s acquisition of BTC for $258.99m held fourth and fifth positions, respectively.
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.
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.