In the British financial services industry, there were 80 M&A deals announced in Q2 2023, worth a total value of $1.8bn, according to GlobalData’s Deals Database. The $1bn acquisition of investec wealth and investment by rathbones group 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 The UK decreased by 25% in Q2 2023 compared with the previous quarter’s total of $2.4bn and rose by 24% as compared to Q2 2022. Related deal volume increased by 5% in Q2 2023 versus the previous quarter and was 18% higher than in Q2 2022.
The top-ranked legal advisorss supporting these M&A deals in The UK Q2 2023 were CMS Legal Services EEIG; Macfarlanes; Addleshaw Goddard with 5, 5, 3 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.