Asia-Pacific’s financial services industry saw a drop of 37.88% in deal activity during February 2021, when compared with the last 12-month average, led by Ares Management’s $1.07bn acquisition of AMP, according to GlobalData’s deals database.
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A total of 41 financial services industry deals worth $1.52bn were announced for the region in February 2021, against the 12-month average of 66 deals.
Of all the deal types, M&A saw most activity in February 2021 with 20 transactions, representing a 48.8% share for the region.
In second place was venture financing with 18 deals, followed by private equity deals with three transactions, respectively capturing a 43.9% and 7.3% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, private equity was the leading category in Asia-Pacific’s financial services industry with $1.07bn, while venture financing and M&A deals totalled $299.42m and $145.88m, respectively.
Asia-Pacific financial services industry deals in February 2021: Top deals
The top five financial services deals accounted for 93.8% of the overall value during February 2021.
The combined value of the top five financial services deals stood at $1.42bn, against the overall value of $1.52bn recorded for the month.
The top five financial services industry deals of February 2021 tracked by GlobalData were:
1) Ares Management’s $1.07bn private equity deal with AMP
2) The $110m venture financing deal with Tyme by APIS GROWTH FUND II L.P and JG Summit Holdings
3) Amplo, Beenext, Coatue Management, Insight Partners, Ribbit Capital, Sequoia Capital and Steadview Capital’s $108m venture financing of BharatPe
4) The $100.8m acquisition of Dindings Supreme Sdn by Tyson International Holding
5) Hong Kong Exchanges and Clearing’s acquisition of Guangzhou Futures Exchange for $32.47m.
