The US financial services industry saw a drop of 6.6% in overall deal activity during January 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 113 deals worth $6.05bn were announced in January 2020, compared to the 12-month average of 121 deals.
M&A was the leading category in the month in terms of volume with 87 deals which accounted for 77% of all deals.
In second place was venture financing with 22 deals, followed by private equity with four transactions, respectively accounting for 19.5% and 3.5% of overall deal activity in the country’s financial services industry during the month.
In terms of value of deals, private equity was the leading deal category in the US financial services industry with total deals worth $4.25bn, while M&A and venture financing deals totalled $1.06bn and $742.68m, respectively.
US financial services industry deals in January 2020: Top deals
The top five financial services industry deals accounted for 90.9% of the overall value during January 2020.
The combined value of the top five financial services deals stood at $5.5bn, against the overall value of $6.05bn recorded for the month.
The top five financial services industry deals of January 2020 tracked by GlobalData were:
1) Further Global Capital Management and Stone Point Capital’s $4.2bn private equity deal with Duff & Phelps
2) The $550m venture financing of SecFi by Serengeti Asset Management
3) BlueSpring Wealth Partners’ $400m acquisition of Retirement Wealth Specialists
4) The $190m acquisition of BURGISS GROUP LLC, THE by MSCI
5) Blucora’s acquisition of Honkamp Krueger Financial Services for $160m.
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.