Total financial services industry M&A deals in Q4 2019 worth $41.14bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 266.1% over the previous quarter and a rise of 18.5% when compared with the last four-quarter average of $34.73bn.
The US held a 54.9% share of the global financial services industry M&A deal value that totalled $74.9bn in Q4 2019.
In terms of deal activity, the US recorded 224 deals during Q4 2019, marking a drop of 0.9% over the previous quarter and a drop of 3.9% over the last four-quarter average.
The US financial services industry M&A deals in Q4 2019: Top deals
The top five financial services industry M&A deals accounted for 92.2% of the overall value during Q4 2019.
The combined value of the top five financial services M&A deals stood at $37.95bn, against the overall value of $41.14bn recorded for the month.
The top five financial services industry deals of Q4 2019 tracked by GlobalData were:
1) The Charles Schwab’s $26bn acquisition of TD Ameritrade
2) The $6.3bn asset transaction with Cigna by New York Life Insurance
3) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters
4) The $1.3bn merger of Advisor Group and Ladenburg Thalmann Financial Services by
5) Resolution Life Holdings’ asset transaction with Voya Financial for $1.25bn.
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.