In the North American financial services industry, there were 19 private equity deals announced in Q3 2023, worth a total value of $3.5bn, according to GlobalData’s Deals Database. The $1.1bn Institutional Buy-out (IBO) Energy Capital Partners Management by Bridgepoint Group 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 decreased by 34% in Q3 2023 compared with the previous quarter’s total of $5.3bn and rose by 30% as compared to Q3 2022. Related deal volume decreased by 44% in Q3 2023 versus the previous quarter and was 42% lower than in Q3 2022.
The top-ranked financial advisors supporting these private equity deals in North America in Q3 2023 were Morgan Stanley; Ardea Partners; Raymond James Financial with 7, 6, 6 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America Q3 2023 were Kirkland & Ellis; Simpson Thacher & Bartlett; Paul, Weiss, Rifkind, Wharton & Garrison with 19, 9, 5 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.