Asia-Pacific’s financial services industry saw a rise of 30.77% in deal activity during March 2021, when compared with the last 12-month average, led by Hillhouse Capital Group and Warburg Pincus’ $700m acquisition of JD Property, according to GlobalData’s deals database.

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A total of 85 financial services industry deals worth $4.32bn were announced for the region in March 2021, against the 12-month average of 65 deals.

Of all the deal types, M&A saw most activity in March 2021 with 52 transactions, representing a 61.2% share for the region.

In second place was venture financing with 23 deals, followed by private equity deals with ten transactions, respectively capturing a 27.1% and 11.8% 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 $2.43bn, while private equity and venture financing deals totalled $1.32bn and $578.83m, respectively.

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

The top five financial services deals accounted for 53.3% of the overall value during March 2021.

The combined value of the top five financial services deals stood at $2.31bn, against the overall value of $4.32bn recorded for the month.

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

1) Hillhouse Capital Group and Warburg Pincus’ $700m private equity deal with JD Property

2) The $595.62m acquisition deal with E-surfing Pay by China Telecommunications

3) J.P. Morgan Asset Management’s $410.43m acquisition of CMB Wealth Management

4) The $350m acquisition of ERS DGB by ABRY Partners and Aquiline Capital Partners

5) Shanghai Guotai Junan Securities Asset Management’s private equity deal with International Far Eastern Financial Leasing for $250.77m.