Europe’s financial services industry saw a drop of 5.9% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 223 deals worth $10.13bn were announced for the region during Q3 2020, against the last four-quarter average of 237 deals.
Of all the deal types, M&A saw most activity in Q3 2020 with 133, representing a 59.6% share for the region.
In second place was venture financing with 66 deals, followed by private equity deals with 24 transactions, respectively capturing a 29.6% and 10.8% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, private equity was the leading category in Europe’s financial services industry with $5bn, while M&A and venture financing deals totalled $4.57bn and $560.45m, respectively.
Europe financial services industry deals in Q3 2020: Top deals
The top five financial services deals accounted for 66.3% of the overall value during Q3 2020.
The combined value of the top five financial services deals stood at $6.72bn, against the overall value of $10.13bn recorded for the quarter.
The top five financial services industry deals of Q3 2020 tracked by GlobalData were:
1) GIC and Massachusetts Mutual Life Insurance’s $2.66bn private equity deal with Rothesay Life
2) The $2.14bn acquisition of Hastings Group by Rand Merchant Investment Holdings and Sampo
3) The $687.89m merger of Honeycomb Investment Trust and Pollen Street Secured Lending
4) The $650m private equity deal with Klarna Bank by BlackRock, Bonnier, HMI Capital, Merian Chrysalis InvestmentLimited, Northzone Ventures, Silver Lake Partners, TCV and GIC
5) Global Payments’ acquisition of Comercia Global Payments Entidad de Pago for $581.21m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
