Total financial services industry deals for August 2020 worth $12.66bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 2.4% over the previous month and a drop of 56.2% when compared with the last 12-month average of $28.89bn.

In terms of number of deals, the sector saw a drop of 8.5% over the last 12-month average with 270 deals against the average of 295 deals.

In value terms, Asia-Pacific led the activity with deals worth $3.97bn.

Financial services industry deals in August 2020: Top deals

The top five financial services deals accounted for 36% of the overall value during August 2020.

The combined value of the top five financial services deals stood at $4.56bn, against the overall value of $12.66bn recorded for the month.

The top five financial services industry deals of August 2020 tracked by GlobalData were:

1) The merger of FinTech AcquisitionIII and Paya for $1.3bn

2) The $1.03bn acquisition of MLC by IOOF Holdings

3) The merger of Sirius International Insurance Group and Third Point Reinsurance for $788m

4) The $753.06m acquisition of Afterpay by Mitsubishi UFJ Financial Group

5) The merger of Honeycomb Investment Trust and Pollen Street Secured Lending for $687.89m.

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.