Europe’s financial services industry saw a drop of 2.38% in cross border deal activity during September 2021, when compared with the last 12-month average, led by Country Garden Property Services HK HoldingsLimited’s $1.55bn acquisition of Wealth Best Global, according to GlobalData’s deals database.

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A total of 41 financial services industry cross border deals worth $3.6bn were announced for the region in September 2021, against the 12-month average of 42 deals.

Of all the deal types, M&A saw most activity in September 2021 with 22 transactions, representing a 53.7% share for the region.

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In second place was venture financing with 15 deals, followed by private equity deals with four transactions, respectively capturing a 36.6% and 9.8% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s financial services industry with $2.91bn, while venture financing and private equity deals totalled $508.08m and $192.23m, respectively.

Europe financial services industry cross border deals in September 2021: Top deals

The top five financial services cross border deals accounted for 88.9% of the overall value during September 2021.

The combined value of the top five financial services cross border deals stood at $3.21bn, against the overall value of $3.6bn recorded for the month.

The top five financial services industry cross border deals of September 2021 tracked by GlobalData were:

1) Country Garden Property Services HK HoldingsLimited $1.55bn acquisition deal with Wealth Best Global

2) The $848.96m acquisition of Eurologi II S.a(HoldCo) by Aurora Investment (Cayman),Chengdong Investment and Pearl Bidcor.l

3) Northern Data $468.87m acquisition deal with Bitfield

4) The $192.23m private equity of Sanlam Wealth Planning UK by Oaktree Capital Management

5) Baleen Capital,Fasanara Capital,Ithaca Investments,Tiger Global Management and Woodson Capital Management $155m venture financing deal with Scalapay