Total financial services industry M&A deals in Q4 2019 worth $6.55bn were announced in the UK, according to GlobalData’s deals database.
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The value marked a decrease of 78% over the previous quarter and a drop of 41.3% when compared with the last four-quarter average of $11.14bn.
The UK held an 8.7% share of the global financial services industry M&A deal value that totalled $74.9bn in Q4 2019.
In terms of deal activity, the UK recorded 76 deals during Q4 2019, marking a rise of 13.4% over the previous quarter and a rise of 2.7% over the last four-quarter average.
The UK financial services industry M&A deals in Q4 2019: Top deals
The top five financial services industry M&A deals accounted for 92.6% of the overall value during Q4 2019.
The combined value of the top five financial services M&A deals stood at $6.06bn, against the overall value of $6.55bn recorded for the month.
The top five financial services industry deals of Q4 2019 tracked by GlobalData were:
1) Phoenix Group Holdings’ $4.27bn acquisition of ReAssure Group
2) The $643.77m asset transaction with Barclays Wealth and Investment Management by Rathbone Investment Management
3) Banco Santander’s $452.66m acquisition of Ebury Partners
4) The $358.84m acquisition of Prepaid Financial Services by EML Payments
5) Sun Life Financial’s acquisition of InfraRed Capital Partners for $334.45m.
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.