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.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.

 

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In 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.