Europe’s financial services industry saw a drop of 34.88% in cross border deal activity during April 2022, when compared with the last 12-month average, led by Fidelity Management & Research, Harold McPike, Qatar Investment Authority, RPMI Railpen and The Goldman Sachs Group’s $166.43m venture financing deal with Starling Bank, according to GlobalData’s deals database.

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A total of 28 financial services industry cross border deals worth $465.3m were announced for the region in April 2022, against the 12-month average of 43 deals.

Of all the deal types, M&A saw most activity in April 2022 with 14 transactions, representing a 50% share for the region.

In second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 32.1% and 17.9% share of the overall cross border deal activity for the month.

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In terms of value of cross border deals, venture financing was the leading category in Europe’s financial services industry with $249.53m, followed by private equity deals totalled $215.74m.

Europe financial services industry cross border deals in April 2022: Top deals

The top five financial services cross border deals accounted for 95.03% of the overall value during April 2022.

The combined value of the top five financial services cross border deals stood at $442.17m, against the overall value of $465.3m recorded for the month.

The top five financial services industry cross border deals of April 2022 tracked by GlobalData were:

1) Fidelity Management & Research,Harold McPike,Qatar Investment Authority,RPMI Railpen and The Goldman Sachs Group $166.43m venture financing deal with Starling Bank

2) The $130.74m private equity of Foster Denovo by Crestline Investors

3) BlackRock and Smash Capital $60m venture financing deal with Wagestream

4) The $50m private equity of Stenn International by Centerbridge Partners

5) Credit Mutuel Arkea and PSG Equity $35m private equity deal with Budget Insight