Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 8 financial services deals announced in Q2 2023, worth a total value of $490.8m. The $487.2m acquisition of Virescent Renewable Energy Trust by India Grid Trust 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, environmental sustainability-related deal activity increased by 8080% in Q2 2023 compared with the previous quarter’s total of $6m. Related deal volume increased by 100% in Q2 2023 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were AZB & Partners; Hamilton Locke; Latham & Watkins with 1, 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.