Asia-Pacific’s financial services industry saw a flat growth in cross border 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 21 financial services industry cross border deals worth $1.46bn were announced for the region in February 2021, against the 12-month average of 21 deals.
Of all the deal types, M&A saw most activity in February 2021 with 11 transactions, representing a 52.4% share for the region.
In second place was venture financing with eight deals, followed by private equity deals with two transactions, respectively capturing a 38.1% and 9.5% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border 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 $258.13m and $135.39m, respectively.
Asia-Pacific financial services industry cross border deals in February 2021: Top deals
The top five financial services cross border deals accounted for 97.1% of the overall value during February 2021.
The combined value of the top five financial services cross border deals stood at $1.42bn, against the overall value of $1.46bn recorded for the month.
The top five financial services industry cross border 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.
