Asia-Pacific’s financial services industry saw a drop of 35.48% in cross border deal activity during June 2022, when compared with the last 12-month average, led by Marvel Bonus’ $149.78m acquisition of Mason Group Holdings, according to GlobalData’s deals database.

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A total of 20 financial services industry cross border deals worth $429.1m were announced for the region in June 2022, against the 12-month average of 31 deals.

Of all the deal types, venture financing saw most activity in June 2022 with 13 transactions, representing a 65% share for the region.

In second place was M&A with seven deals capturing a 35% share of the overall cross border deal activity for the month.

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By GlobalData

In terms of value of cross border deals, venture financing was the leading category in Asia-Pacific’s financial services industry with $279.28m, followed by M&A deals totalled $149.78m.

Asia-Pacific financial services industry cross border deals in June 2022: Top deals

The top five financial services cross border deals accounted for 85.9% of the overall value during June 2022.

The combined value of the top five financial services cross border deals stood at $368.55m, against the overall value of $429.1m recorded for the month.

The top five financial services industry cross border deals of June 2022 tracked by GlobalData were:

1) Marvel Bonus $149.78m acquisition deal with Mason Group Holdings

2) The $80m venture financing of OnEMi Technology Solutions by Brunei Investment Agency,Endiya Partners,Sistema Asia Capital,VentureEast,Vertex Growth Fund and Vertex VenturesAsia & India

3) Citystate Group,Luminor Capital Pte.,Paradise Group and PhillipCapital $53.77m venture financing deal with Capital C

4) The $45m venture financing of Rainforest Life by Canopy,Hill Ventures,Insignia Ventures Partners and January Capital

5) B Capital Group,Bank of Ayudhya Public,Coinbase Global,Krungsri Finnovate,MindWorks Capital Concept Capital,Moonalpha Financial Serviced,TNB Aura and V Ventures $40m venture financing deal with Zipmex