In the North American financial services industry, there were 28 private equity deals announced in Q4 2023, worth a total value of $4.7bn, according to GlobalData’s Deals Database. The $2.7bn Institutional Buy-out (IBO) Global Atlantic Financial Group by KKR was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity in North America increased by 34% in Q4 2023 compared with the previous quarter’s total of $3.5bn and rose by 387% as compared to Q4 2022. Related deal volume increased by 40% in Q4 2023 versus the previous quarter and was 4% lower than in Q4 2022.
The top-ranked financial advisors supporting these private equity deals in North America in Q4 2023 were Morgan Stanley; Ardea Partners; Goldman Sachs Group with 8, 6, 6 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America Q4 2023 were Kirkland & Ellis; Simpson Thacher & Bartlett; Paul, Weiss, Rifkind, Wharton & Garrison with 24, 11, 7 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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