Europe’s financial services industry saw a rise of 16.3% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 278 deals worth $42.8bn were announced for the region during Q4 2020, against the last four-quarter average of 239 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 170, representing a 61.2% share for the region.
In second place was venture financing with 66 deals, followed by private equity deals with 42 transactions, respectively capturing a 23.7% and 15.1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $37bn, while private equity and venture financing deals totalled $5.03bn and $772.08m, respectively.
Europe financial services industry deals in Q4 2020: Top deals
The top five financial services deals accounted for 78.5% of the overall value during Q4 2020.
The combined value of the top five financial services deals stood at $33.57bn, against the overall value of $42.8bn recorded for the quarter.
The top five financial services industry deals of Q4 2020 tracked by GlobalData were:
1) Intact Financial and Tryg’s $9.27bn acquisition of RSA Insurance Group
2) The $9.23bn merger of Nets and Nexi
3) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
4) The $5.09bn acquisition of Borsa Italiana by Euronext
5) Vienna Insurance Group’s asset transaction with AEGON for $992.84m.
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.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.