In the European financial services industry, there were 167 M&A deals announced in Q2 2023, worth a total value of $7.6bn, according to GlobalData’s Deals Database. The $2.5bn acquisition of liberty seguros by assicurazioni generali was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.

In value terms, M&A activity in Europe decreased by 12% in Q2 2023 compared with the previous quarter’s total of $8.6bn and fell by 11% as compared to Q2 2022. Related deal volume increased by 4% in Q2 2023 versus the previous quarter and was 3% higher than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Europe in Q2 2023 were Rothschild & Co; Evercore; Lazard with 6, 4, 4 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Europe Q2 2023 were CMS Legal Services EEIG; White & Case; Macfarlanes with 10, 7, 5 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.

This content was updated on 18 July 2023

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