Total financial services industry M&A deals in May 2020 worth $6.38bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 27.9% over the previous month and a drop of 74.2% when compared with the last 12-month average, which stood at $24.76bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.2bn. At the country level, Japan topped the list in terms of deal value at $3.73bn.
In terms of volumes, North America emerged as the top region for financial services industry M&A deals globally, followed by Asia-Pacific and then Europe.
The top country in terms of M&A deals activity in May 2020 was the US with 44 deals, followed by the UK with ten and Australia with eight.
In 2020, as of the end of May 2020, financial services M&A deals worth $128.37bn were announced globally, marking a decrease of 6% year on year.
Financial services industry M&A deals in May 2020: Top deals
The top five financial services industry M&A deals accounted for 73.01% of the overall value during May 2020.
The combined value of the top five financial services M&A deals stood at $4.66bn, against the overall value of $6.38bn recorded for the month.
The top five financial services industry deals of May 2020 tracked by GlobalData were:
1) Sony’s $3.73bn acquisition of Sony Financial Holdings
2) The $300m acquisition of Afterpay by Tencent Holdings
3) USI Insurance Services’ $265.76m acquisition of Associated Benefits and Risk Consulting
4) The $187.65m asset transaction with Bankia by Cecabank
5) Revance Therapeutics’ acquisition of Hint for $180.02m.
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.