Total financial services industry M&A deals in Q2 2019 worth $47.53bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 52.6% over the previous quarter and a drop of 16.5% when compared with the last four-quarter average, which stood at $56.98bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $30.88bn. At the country level, the US topped the list in terms of deal value at $29.23bn.
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.
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The top country in terms of M&A deals activity in Q2 2019 was the US with 233 deals, followed by the UK with 59 and Canada with 36.
In 2019, as of the end of Q2 2019, financial services M&A deals worth $147.78bn were announced globally, marking an increase of 40.1% year on year.
Financial services industry M&A deals in Q2 2019: Top deals
The top five financial services industry M&A deals accounted for 64.6% of the overall value during Q2 2019.
The combined value of the top five financial services industry M&A deals stood at $30.71bn, against the overall value of $47.53bn recorded for the quarter. The top announced financial services industry M&A deal tracked by GlobalData in Q2 2019 was $21.5bn merger of Global Payments and Total System Services.
In second place was the $3.5bn asset transaction with Refinitiv by Deutsche Borse and in third place was Dongfang Electric’s $2.19bn acquisition of Capital Holdings.
The $2.1bn merger of Prosperity Bancshares and LegacyTexas Financial Group and Tricon Capital Group’s acquisition of Starlight US Multi Family No 5 Core Fund for $1.41bn held fourth and fifth positions, respectively.
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.