The US financial services industry saw a rise of 0.9% in overall deal activity during July 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 108 deals worth $4.28bn were announced in July 2019, compared to the 12-month average of 107 deals.
M&A was the leading category in the month in terms of volume with 74 deals which accounted for 68.5% of all deals.
In second place was venture financing with 30 deals, followed by private equity with four transactions, respectively accounting for 27.8% and 3.7% of overall deal activity in the country’s financial services industry during the month.
In terms of value of deals, M&A was the leading deal category in the US financial services industry with total deals worth $3.5bn, followed by private equity deals with $785.15m.
US financial services industry deals in July 2019: Top deals
The top five financial services industry deals accounted for 77.5% of the overall value during July 2019.
The combined value of the top five financial services deals stood at $3.32bn, against the overall value of $4.28bn recorded for the month.
The top five financial services industry deals of July 2019 tracked by GlobalData were:
1) The Charles Schwab’s $1.8bn asset transaction with United Services Automobile Association
2) The $485m acquisition of Sandler O’Neill and Partners by Piper Jaffray Companies
3) Jade Mountain Partners’s $384.25m acquisition of White Eagle Asset Portfolio
4) The $325m acquisition of Digital Bridge Holdings by Colony Capital
5) DST Global, New Enterprise Associates, Ribbit Capital, Sequoia Capital Operations and Thrive Capital’s venture financing of Robinhood Financial for $323m.
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.