Total banking industry M&A deals in February 2019 worth $1.48bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 79.2% over the previous month and a drop of 79.9% when compared with the last 12-month average, which stood at $7.34bn.
Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $858.7m. At the country level, India topped the list in terms of deal value at $833.29m.
In terms of volumes, Europe emerged as the top region for banking industry M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of M&A deals activity in February 2019 was the US with 13 deals, followed by the UK with four and India with two.
In 2019, as of the end of February 2019, banking M&A deals worth $8.56bn were announced globally, marking a decrease of 13.8% year on year.
Banking industry M&A deals in February 2019: Top deals
The top five banking industry M&A deals accounted for 39.7% of the overall value during February 2019.
The combined value of the top five banking industry M&A deals stood at $586.15m, against the overall value of $1.48bn recorded for the month. The top announced banking industry M&A deal tracked by GlobalData in February 2019 was BPER Banca’s $249.7m acquisition of Unipol Banca SpA..
In second place was the $170.25m acquisition of Banco di Sardegna by BPER Banca and in third place was $68.2m merger of Citizens First Bank and German American Bancorp.
The $52m acquisition of First Madison Bank & Trust by United Community Banks and Wintrust Financial’s acquisition of Rush-Oak for $46m 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.