Total financial services industry M&A deals in March 2020 worth $47.84bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 32.3% over the previous month and a rise of 78.05% when compared with the last 12-month average, which stood at $26.87bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $34.04bn. At the country level, the US topped the list in terms of deal value at $34.04bn.
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 March 2020 was the US with 62 deals, followed by the UK with 27 and China with 12.
In 2020, as of the end of March 2020, financial services M&A deals worth $126.34bn were announced globally, marking an increase of 26.2% year on year.
Financial services industry M&A deals in March 2020: Top deals
The top five financial services industry M&A deals accounted for 94.02% of the overall value during March 2020.
The combined value of the top five financial services M&A deals stood at $44.98bn, against the overall value of $47.84bn recorded for the month.
The top five financial services industry deals of March 2020 tracked by GlobalData were:
1) The $33.4bn merger of Aon and Willis Towers Watson
2) The $9.05bn acquisition of PartnerRe by Covea Mutual Insurance Group
3) State Bank of India’s $1.35bn acquisition of Yes Bank
4) The $597.48m acquisition of Legal Shield HoldingsLtd by Conduit Capital
5) Max Financial Services’ acquisition of Max Life insurance for $582.54m.
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.