Total financial services industry M&A deals worth $13.19bn were announced in North America in February 2021, led by M&T Bank’s $7.6bn acquisition of People’s United Financial, according to GlobalData’s deals database.
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The value marked an increase of 80.9% over the previous month of $7.29bn and a rise of 73.3% when compared with the last 12-month average of $7.61bn.
North America held a 70.12% share of the global financial services industry M&A deal value that totalled $18.81bn in February 2021. With a 69.43% share and deals worth $13.06bn, the US was the top country in North America’s M&A deal value across financial services industry.
In terms of M&A deal activity, North America recorded 74 deals during February 2021, marking a decrease of 42.64% over the previous month and a drop of 20.43% over the 12-month average. The US recorded 67 deals during the month.
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By GlobalDataNorth America financial services industry M&A deals in February 2021: Top deals
The top five financial services industry M&A deals accounted for 98.2% of the overall value during February 2021.
The combined value of the top five financial services deals stood at $12.95bn, against the overall value of $13.19bn recorded for the month.
The top five financial services industry M&A deals of February 2021 tracked by GlobalData were:
1) M&T Bank’s $7.6bn acquisition of People’s United Financial
2) The $4.7bn merger with Apex Clearing and Northern Star InvestmentII
3) The Progressive’s $338m acquisition of Protective Insurance
4) The $190m asset transaction with Nasdaq by Tradeweb Markets
5) CURO Group’s acquisition of Flexiti Financial for $121m.
