In the global financial services industry, there were 54 private equity deals announced in Q2 2024, worth a total value of $18.3bn, according to GlobalData’s Deals Database. The $6.3bn institutional buy-out (ibo) Nuvei by Advent International was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity decreased by 12% in Q2 2024 compared with the previous quarter’s total of $20.9bn and rose by 215% as compared to Q2 2023. Related deal volume decreased by 26% in Q2 2024 versus the previous quarter and was 30% lower than in Q2 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 52% share of the global financial services industry’s private equity deal activity in Q2 2024, up 13% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in H1 2024 were Goldman Sachs Group; Ardea Partners; Barclays with 8, 6, 6 deals respectively.
The top-ranked legal advisors supporting these private equity deals in H1 2024 were Kirkland & Ellis; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Debevoise & Plimpton with 19, 8, 6 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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