Total financial services industry M&A deals in July 2019 worth $3.5bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 10.7% over the previous month and a drop of 69.7% when compared with the last 12-month average of $11.55bn.
The US held a 25.9% share of the global financial services industry M&A deal value that totalled $13.52bn in July 2019.
In terms of deal activity, the US recorded 74 deals during July 2019, marking a decrease of 5.1% over the previous month and a flat growth over the 12-month average.
The US financial services industry M&A deals in July 2019: Top deals
The top five financial services industry M&A deals accounted for 91.7% of the overall value during July 2019.
The combined value of the top five financial services M&A deals stood at $3.21bn, against the overall value of $3.5bn 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) Markel’s acquisition of The Hagerty Group for $212.5m.
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.