In the North American financial services industry, there were 256 M&A deals announced in Q2 2023, worth a total value of $9.7bn, according to GlobalData’s Deals Database. The $4.3bn acquisition of american equity investment life holding by brookfield reinsurance 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 North America increased by 52% in Q2 2023 compared with the previous quarter’s total of $6.4bn and rose by 67% as compared to Q2 2022. Related deal volume decreased by 12% in Q2 2023 versus the previous quarter and was 12% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in North America in Q2 2023 were Piper Sandler Companies; Waller Helms Advisors; Goldman Sachs Group with 8, 8, 7 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America Q2 2023 were Alston & Bird; Kirkland & Ellis; Giordano, Halleran & Ciesla with 16, 15, 13 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.