Asia-Pacific’s financial services industry saw a drop of 13.04% in cross border deal activity during April 2021, when compared with the last 12-month average, led by DBS Group Holdings’ $813.65m acquisition of Shenzhen Rural Commercial Bank, according to GlobalData’s deals database.
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A total of 20 financial services industry cross border deals worth $1.6bn were announced for the region in April 2021, against the 12-month average of 23 deals.
Of all the deal types, M&A saw most activity in April 2021 with ten transactions, representing a 50% share for the region.
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By GlobalDataIn second place was venture financing with seven deals, followed by private equity deals with three transactions, respectively capturing a 35% and 15% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s financial services industry with $1.12bn, while private equity and venture financing deals totalled $311.89m and $148m, respectively.
Asia-Pacific financial services industry cross border deals in April 2021: Top deals
The top five financial services cross border deals accounted for 95% of the overall value during April 2021.
The combined value of the top five financial services cross border deals stood at $1.5bn, against the overall value of $1.6bn recorded for the month.
The top five financial services industry cross border deals of April 2021 tracked by GlobalData were:
1) DBS Group Holdings’ $813.65m acquisition of 13% stake in Shenzhen Rural Commercial Bank
2) The $290m acquisition deal with Mainstream Group Holdings by SS&C Technologies Holdings
3) Arena Investors and Makara Capital’s $250m private equity deal with Srei Equipment Finance
4) The $83m venture financing of Nextbillion Technology by Propel Ventures, Ribbit Capital, Sequoia India, Tiger Global Management and Y Combinator Continuity Fund I
5) KKRInc, LUN Partners Group and Susquehanna International Group’s private equity deal with NETSTARS for $60.39m.
