In the global financial services industry, there were 592 M&A deals announced in Q2 2023, worth a total value of $28.5bn, according to GlobalData’s Deals Database. The $4.3bn acquisition of american equity investment life holding by brookfield reinsurance 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 increased by 40% in Q2 2023 compared with the previous quarter’s total of $20.4bn and fell by 65% as compared to Q2 2022. Related deal volume decreased by 3% in Q2 2023 versus the previous quarter and was 3% lower than in Q2 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 29% share of the global financial services industry’s M&A activity in Q2 2023, up 26% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Evercore; Goldman Sachs Group; Rothschild & Co with 11, 10, 9 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Kirkland & Ellis; Alston & Bird; Giordano, Halleran & Ciesla with 21, 16, 13 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.