In the North American financial services industry, there were 37 private equity deals announced in Q2 2023, worth a total value of $6.7bn, according to GlobalData’s Deals Database. The $2.7bn institutional buy-out (ibo) gordon & co and angelo by TPG Capital 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, private equity deal activity in North America decreased by 30% in Q2 2023 compared with the previous quarter’s total of $9.5bn and rose by 164% as compared to Q2 2022. Related deal volume increased by 95% in Q2 2023 versus the previous quarter and was 12% higher than in Q2 2022.
The top-ranked legal advisors supporting these private equity deals in North America Q2 2023 were Kirkland & Ellis; Debevoise & Plimpton; Paul, Weiss, Rifkind, Wharton & Garrison with 15, 4, 4 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.