Asia-Pacific’s financial services industry saw a drop of 7.69% in 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 60 financial services industry deals worth $2.2bn were announced for the region in April 2021, against the 12-month average of 65 deals.
Of all the deal types, M&A saw most activity in April 2021 with 33 transactions, representing a 55% share for the region.
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By GlobalDataIn second place was venture financing with 24 deals, followed by private equity deals with three transactions, respectively capturing a 40% and 5% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s financial services industry with $1.25bn, while venture financing and private equity deals totalled $672.48m and $311.89m, respectively.
Asia-Pacific financial services industry deals in April 2021: Top deals
The top five financial services deals accounted for 77.3% of the overall value during April 2021.
The combined value of the top five financial services deals stood at $1.73bn, against the overall value of $2.2bn recorded for the month.
The top five financial services industry 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 $215m venture financing of Dreamplug Technologies by Coatue Management, Dragoneer Investment Group, DST Global, Falcon Edge Capital, Greenoaks Capital Management, Insight Partners, RTP Global, Sofina and Tiger Global Management
5) GIC, Matrix Partners India, Ribbit Capital, Sequoia Capital India and Tiger Global Management’s venture financing of Razorpay Software for $160m.
