Total financial services industry M&A deals in Q1 2019 worth $83.07bn were announced in the US, according to GlobalData’s deals database.
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The value marked a decrease of 401.8% over the previous quarter and a rise of 404.9% when compared with the last four-quarter average of $16.45bn.
The US held an 84.05% share of the global financial services industry M&A deal value that totalled $98.83bn in Q1 2019.
In terms of deal activity, the US recorded 237 deals during Q1 2019, marking an increase of 7% over the previous quarter and a rise of 16.2% over the last four-quarter average.
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By GlobalDataThe US financial services industry M&A deals in Q1 2019: Top deals
The top five financial services industry M&A deals accounted for 98.01% of the overall value during Q1 2019.
The combined value of the top five financial services industry M&A deals stood at $81.41bn, against the overall value of $83.07bn recorded for the quarter. The top announced financial services industry M&A deal tracked by GlobalData in Q1 2019 was $43bn merger of Fidelity National Information Services and Worldpay.
In second place was the $28.24bn merger of BB&T and SunTrust Banks and in third place was Brookfield Asset Management’s $4.7bn stake acquisition of Oaktree Capital Management.
The $4.27bn merger of Chemical Financial and TCF Financial and Protective Life & Annuity Insurance and Protective Life Insurance’s asset transaction with Great-West Life & Annuity Insurance for $1.2bn 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.
