North America’s financial services industry saw a rise of 25.00% in cross border deal activity during December 2020, when compared with the last 12-month average, led by $9bn acquisition of Foley Trasimene AcquisitionII and Paysafe Group, according to GlobalData’s deals database.
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A total of 20 financial services industry cross border deals worth $12.43bn were announced for the region in December 2020, against the 12-month average of 16 deals.
Of all the deal types, M&A saw most activity in December 2020 with 13 transactions, representing a 65% share for the region.
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By GlobalDataIn second place was venture financing with six deals, followed by private equity deals with one transactions, respectively capturing a 30% and 5% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in North America’s financial services industry with $11.33bn, while private equity and venture financing deals totalled $925.23m and $176.25m, respectively.
North America financial services industry cross border deals in December 2020: Top deals
The top five financial services cross border deals accounted for 98.5% of the overall value during December 2020.
The combined value of the top five financial services cross border deals stood at $12.25bn, against the overall value of $12.43bn recorded for the month.
The top five financial services industry cross border deals of December 2020 tracked by GlobalData were:
1) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
2) The $1.7bn acquisition deal with Waddell & Reed Financial by Macquarie Asset Management Holding
3) Goldman Sachs Merchant Banking Division’s $925.23m private equity deal with People
4) The $365m acquisition of Poynt by GoDaddy
5) Affirm Holdings’ acquisition of PayBright for $262.83m.
