Total financial services industry M&A deals in April 2019 worth $3.47bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 92.8% over the previous month and a drop of 68.5% when compared with the last 12-month average of $11.03bn.
The US held a 32.6% share of the global financial services industry M&A deal value that totalled $10.65bn in April 2019.
In terms of deal activity, the US recorded 81 deals during April 2019, marking an increase of 8% over the previous month and a rise of 14.1% over the 12-month average.
The US financial services industry M&A deals in April 2019: Top deals
The top five financial services industry M&A deals accounted for 97.7% of the overall value during April 2019.
The combined value of the top five financial services industry M&A deals stood at $3.39bn, against the overall value of $3.47bn recorded for the month. The top announced financial services industry M&A deal tracked by GlobalData in April 2019 was Principal Financial Group’s $1.2bn asset transaction with Wells Fargo.
In second place was the $1.05bn asset transaction with Ameriprise Financial by American Family Insurance Group and in third place was Deutsche Borse’s $850m acquisition of Axioma.
The $170m acquisition of Athena Art Finance by YieldStreet and Adtalem Global Education’s asset transaction with OnCourse Learning for $121m 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. 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.