In the Middle East and Africa financial services industry, there were 21 M&A deals announced in Q2 2023, worth a total value of $889.6m, according to GlobalData’s Deals Database. The $860m minority acquisition of gulf insurance group kscp by fairfax financial 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, M&A activity in Middle East and Africa decreased by 19% in Q2 2023 compared with the previous quarter’s total of $1.1bn and fell by 62% as compared to Q2 2022. Related deal volume decreased by 34% in Q2 2023 versus the previous quarter and was 30% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q2 2023 were Rothschild & Co; Barclays; Compagnie d'Investissements et de Gestion Privee with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa Q2 2023 were Allen & Overy; Erdinast, Ben Nathan & Co. Advocates; Cliffe Dekker Hofmeyr with 2, 2, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.