Analysis of the key themes driving M&A activity reveals that digital payments accounted for 23 financial services deals announced in Q2 2023, worth a total value of $5.1bn. The $4.3bn acquisition of American Equity Investment Life Holding by Brookfield Reinsurance was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 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, digital payments-related deal activity increased by 96% in Q2 2023 compared with the previous quarter’s total of $2.6bn and fell by 91% as compared to Q2 2022. Related deal volume increased by 15% in Q2 2023 versus the previous quarter and was 23% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; JPMorgan Chase & Co; Bank of Montreal with 4, 2, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Arthur Cox; Bronstein, Zilberberg, Chueiri & Potenza Advogados with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.