Led by $1.21bn private equity deal for 49% stake in Telepass, Europe’s financial services industry saw a rise of 27.61% in cross border deal activity during Q2 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 119 cross border deals worth $8.7bn were announced for the region during Q2 2021, against the last four-quarter average of 93.25 deals.
Of all the deal types, M&A saw most activity in Q2 2021 with 55 deals, representing a 46.2% share for the region.
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By GlobalDataIn second place was venture financing with 40 deals, followed by private equity deals with 24 transactions, respectively capturing a 33.6% and 20.2% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in Europe’s financial services industry with $3.45bn, while venture financing and M&A deals totalled $2.98bn and $2.3bn, respectively.
Europe financial services industry cross border deals in Q2 2021: Top deals
The top five financial services cross border deals accounted for a 57.1% share of the overall value during Q2 2021.
The combined value of the top five cross border deals stood at $4.99bn, against the overall value of $8.7bn recorded for the quarter.
The top five financial services industry cross border deals of Q2 2021 tracked by GlobalData were:
1) Partners Group’s $1.21bn private equity deal for 49% stake in Telepass
2) The $985.19m acquisition of Nutmeg Saving & Investment by JPMorgan Chase
3) Siris Capital Group’s $951.68m private equity deal with Equiniti Group
4) The $942.6m acquisition deal with Aon UK by Berkshire Hathaway
5) Accel, Creandum Advisor, Founders Fund, Project A Services GmbHKG, Sequoia Capital Operations, TCMI and Thrive Capital Partners’ venture financing with Trade Republic Bank for $900m.
