In the US financial services industry, there were 35 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 The US 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 119% in Q2 2023 versus the previous quarter and was 13% higher than in Q2 2022.

The top-ranked financial advisors supporting these private equity deals in The US in Q2 2023 were Ardea Partners; Bank of America; Morgan Stanley with 5, 4, 4 deals respectively.

The top-ranked legal advisorss supporting these private equity deals in The US 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.

This content was updated on 18 July 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.