North America’s financial services industry saw a rise of 17.8% in overall deal activity during Q2 2019, when compared to the four-quarter average, 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.
A total of 390 deals worth $36.2bn were announced for the region during Q2 2019, against the last four-quarter average of 331 deals.
Of all the deal types, M&A saw most activity in Q2 2019 with 271, representing a 69.5% share for the region.
In second place was venture financing with 92 deals, followed by private equity deals with 27 transactions, respectively capturing a 23.6% and 6.9% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s financial services industry with $30.88bn, while private equity and venture financing deals totalled $3.68bn and $1.64bn, respectively.
North America financial services industry deals in Q2 2019: Top deals
The top five financial services deals accounted for 79.03% of the overall value during Q2 2019.
The combined value of the top five financial services deals stood at $28.61bn, against the overall value of $36.2bn recorded for the quarter. The top announced financial services deal tracked by GlobalData in Q2 2019 was $21.5bn merger of Global Payments and Total System Services.
In second place was the $2.1bn merger of Prosperity Bancshares and LegacyTexas Financial Group and in third place was Onex Partners’s $1.8bn private equity deal with Convex Re.
The $1.8bn private equity deal with Stone Canyon Industries Holdings by Eldridge Industries, Mubadala Investment Company, Ontario Teachers’ Pension Plan, Public Sector Pension Investment Board and The Olayan 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.