In the North American financial services industry, there were 235 M&A deals announced in Q2 2024, worth a total value of $9.8bn, according to GlobalData’s Deals Database. The $3.8bn minority acquisition of Corebridge Financial by Nippon Life Insurance 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, M&A activity in North America decreased by 82% in Q2 2024 compared with the previous quarter’s total of $53.2bn and fell by 3% as compared to Q2 2023. Related deal volume increased by 4% in Q2 2024 versus the previous quarter and was 11% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in North America in H1 2024 were Piper Sandler Companies; Stifel Financial; Evercore with 7, 7, 6 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America in H1 2024 were Kirkland & Ellis; Alston & Bird; Fried, Frank, Harris, Shriver & Jacobson with 16, 12, 8 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.