Analysis of the key themes driving M&A activity reveals that ecommerce accounted for 23 financial services deals announced in Q2 2024, worth a total value of $344.3m. The $153.7m majority acquisition of GHL Systems by NTT DATA Group was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2024 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, ecommerce-related deal activity increased by 836% in Q2 2024 compared with the previous quarter’s total of $36.8m and fell by 89% as compared to Q2 2023. Related deal volume increased by 109% in Q2 2024 versus the previous quarter and was 10% higher than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were KK Advisory; KPMG International Coop; MAPP Advisors with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; CorvinoLaw; Fenwick & West with 2, 1, 1 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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