Asia-Pacific’s financial services industry saw a rise of 15.25% in deal activity during September 2021, when compared with the last 12-month average, led by PayPal Holdings’ $2.73bn acquisition of Paidy, according to GlobalData’s deals database.

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A total of 68 financial services industry deals worth $5.3bn were announced for the region in September 2021, against the 12-month average of 59 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 35 transactions, representing a 51.5% share for the region.

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In second place was M&A with 28 deals, followed by private equity deals with five transactions, respectively capturing a 41.2% and 7.4% 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 $4.27bn, while venture financing and private equity deals totalled $1.01bn and $16.54m, respectively.

Asia-Pacific financial services industry deals in September 2021: Top deals

The top five financial services deals accounted for 78.5% of the overall value during September 2021.

The combined value of the top five financial services deals stood at $4.16bn, against the overall value of $5.3bn recorded for the month.

The top five financial services industry deals of September 2021 tracked by GlobalData were:

1) PayPal Holdings $2.73bn acquisition deal with Paidy

2) The $915.45m acquisition of Exide Life InsuranceLtd by HDFC Life Insurance

3) 1835i Ventures,DST Global,G Squared,Lone Pine Capital,Salesforce Ventures,Sequoia Capital China and Vetamer Capital Management $200m venture financing deal with Airwallex

4) The $161.5m acquisition of CF Investment by Cowell Fashion

5) Accel,Amasia Ventures,Goat Capital and Tiger Global Management $150m venture financing deal with Xendit