Europe’s financial services industry saw a rise of 25.8% in overall deal activity during Q4 2018, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 268 deals worth $27.07bn were announced for the region during Q4 2018, against the four-quarter average of 213 deals.
Of all the deal types, M&A saw most activity in Q4 2018 with 198, representing a 73.9% share for the region.
In second place was venture financing with 46 deals, followed by private equity deals with 24 transactions, respectively capturing a 17.2% and 9% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s financial services industry with $17.7bn, while private equity and venture financing deals totalled $9.02bn and $346.66m, respectively.
Europe financial services industry deals in Q4 2018: Top deals
The top five financial services deals accounted for 48.5% of the overall value during Q4 2018.
The combined value of the top five financial services deals stood at $13.13bn, against the overall value of $27.07bn recorded for the quarter. The top announced financial services deal tracked by GlobalData in Q4 2018 was Lone Star Funds’ $3.39bn private equity deal with Bankia.
In second place was the $3.15bn acquisition of Nortel Networks UK Pension Plan by Legal & General Assurance Society and in third place was Mitsubishi UFJ Trust and Banking’s $2.93bn acquisition of CFSGAM IP Holdings, CFSGAM Services, Colonial First State Asset Management (Australia), Colonial First State Infrastructure, Colonial First State Managed Infrastructure, First State Investments Managers (Asia), First State Investments (US), First State Investment (UK Holdings) and Realindex Investments.
The $2.16bn private equity deal with FNZ UK by Generation Investment Management and La Caisse des Depots et placement du Quebec and RenaissanceRe Holdings’ acquisition of Tokio Millennium Re (UK) and Tokio Millennium Re for $1.5bn held fourth and fifth positions, respectively.
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.
