Total financial services industry deals worth $20.3bn were announced globally for April 2021, with the $2.81bn merger of BancorpSouth Bank and Cadence Bancorp being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 41.8% over the previous month of $34.82bn and a drop of 14.5% when compared with the last 12-month average of $23.68bn.
In terms of number of deals, the sector saw a rise of 5.97% with 337 deals in April 2021 when compared to the last 12-month average of 318 deals.
In value terms, North America led the activity with deals worth $13.27bn in April 2021.
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By GlobalDatafinancial services industry deals in April 2021: Top deals
The top five deals accounted for 43.1% of the overall value during April 2021.
The combined value of the top five deals stood at $8.74bn, against the overall value of $20.3bn recorded for the month.
The top five financial services industry deals of April 2021 tracked by GlobalData were:
1) The $2.81bn merger of BancorpSouth Bank and Cadence Bancorp
2) The $2.6bn merger of Flagstar Bancorp and New York Community Bancorp
3) Independent Bank’s $1.2bn acquisition of Meridian Bancorp
4) The $1.15bn acquisition deal of East Boston Savings Bank by Rockland Trust
5) Amundi’s acquisition deal with Lyxor Asset Management for $976.16m.
