In the European financial services industry, there were 176 M&A deals announced in Q3 2023, worth a total value of $8.6bn, according to GlobalData’s Deals Database. The $1.6bn merger of Churchill Capital Corp VII and CorpAcq and Atlanta Group and Markerstudy Insurance Services was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, M&A activity in Europe increased by 15% in Q3 2023 compared with the previous quarter’s total of $7.5bn and rose by 105% as compared to Q3 2022. Related deal volume increased by 5% in Q3 2023 versus the previous quarter and was 2% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Europe in Q3 2023 were Rothschild & Co; Evercore; Lazard with 9, 7, 5 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Europe Q3 2023 were CMS Legal Services EEIG; White & Case; Allen & Overy with 16, 11, 8 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.