Total financial services industry M&A deals in May 2020 worth $1.76bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 29.1% over the previous month and a drop of 85.1% when compared with the last 12-month average of $11.85bn.
The US held a 27.6% share of the global financial services industry M&A deal value that totalled $6.39bn in May 2020.
In terms of deal activity, the US recorded 44 deals during May 2020, marking a flat growth over the previous month and a drop of 39.7% over the 12-month average.
The US financial services industry M&A deals in May 2020: Top deals
The top five financial services industry M&A deals accounted for 43.2% of the overall value during May 2020.
The combined value of the top five financial services M&A deals stood at $760.78m, against the overall value of $1.76bn recorded for the month.
The top five financial services industry deals of May 2020 tracked by GlobalData were:
1) USI Insurance Services’ $265.76m acquisition of Associated Benefits and Risk Consulting
2) The $180.02m acquisition of Hint by Revance Therapeutics
3) Forge Global’s $160m acquisition of SharesPost
4) The $85m asset transaction with Entangled Group by Guild Education
5) Bulldog-Ancora Group’s acquisition of Adams Natural Resources Fund for $70m.
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.