Analysis of the key themes driving M&A activity reveals that insurtech accounted for 10 financial services deals announced in Q2 2024, worth a total value of $294.3m. The $282m majority acquisition of Beat Capital Partners by Ambac Financial 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, insurtech-related deal activity decreased by 31% in Q2 2024 compared with the previous quarter’s total of $423.8m and fell by 18% as compared to Q2 2023. Related deal volume remained flat in Q2 2024 versus the previous quarter and was 33% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Ernst & Young Global; Evercore; Houlihan Lokey with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Debevoise & Plimpton; Appleby Global Group Services; Araoz & Rueda 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.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.