Europe’s financial services industry saw a drop of 10.00% in deal activity during October 2021, when compared with the last 12-month average, led by La Banque Postale’s $2.81bn acquisition of CNP Assurances, according to GlobalData’s deals database.

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A total of 81 financial services industry deals worth $6bn were announced for the region in October 2021, against the 12-month average of 90 deals.

Of all the deal types, M&A saw most activity in October 2021 with 47 transactions, representing a 58.02% share for the region.

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In second place was venture financing with 24 deals, followed by private equity deals with ten transactions, respectively capturing a 29.6% and 12.4% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $2.87bn, while private equity and venture financing deals totalled $2.3bn and $820.32m, respectively.

Europe financial services industry deals in October 2021: Top deals

The top five financial services deals accounted for 88.3% of the overall value during October 2021.

The combined value of the top five financial services deals stood at $5.29bn, against the overall value of $6bn recorded for the month.

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

1) La Banque Postale $2.81bn acquisition deal for 16.1% stake in CNP Assurances

2) The $1bn private equity of The Family (Music) by The Blackstone Group

3) Euclid Holdco $822.29m private equity deal for 9.9% stake in Euroclear Holding

4) The $361.13m private equity of DWS Group GmbHKgaA by BlackFin Capital Partners

5) Advent International and Viking Global Investors $300m venture financing deal with Global Processing Services(GPS)