In the British financial services industry, there were 98 M&A deals announced in Q3 2023, worth a total value of $6.1bn, according to GlobalData’s Deals Database. The $1.6bn merger of Churchill Capital Corp VII and CorpAcq and Atlanta Group and Markerstudy Insurance Services was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 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 the UK increased by 239% in Q3 2023 compared with the previous quarter’s total of $1.8bn and rose by 263% as compared to Q3 2022. Related deal volume increased by 24% in Q3 2023 versus the previous quarter and was 27% higher than in Q3 2022.
The top-ranked legal advisorss supporting these M&A deals in the UK Q3 2023 were CMS Legal Services EEIG; Macfarlanes; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates with 8, 6, 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.