In the global financial services industry, there were 75 private equity deals announced in Q2 2023, worth a total value of $8.2bn, according to GlobalData’s Deals Database. The $2.7bn institutional buy-out (ibo) gordon & co and angelo by TPG Capital 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, private equity deal activity decreased by 20% in Q2 2023 compared with the previous quarter’s total of $10.3bn and rose by 23% as compared to Q2 2022. Related deal volume increased by 70% in Q2 2023 versus the previous quarter and was 10% lower than in Q2 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 35% share of the global financial services industry’s private equity deal activity in Q2 2023, up 63% over the previous quarter.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Kirkland & Ellis; Paul, Weiss, Rifkind, Wharton & Garrison; Debevoise & Plimpton with 16, 5, 4 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.