Europe’s financial services industry saw a drop of 28.13% in cross border deal activity during November 2020, when compared with the last 12-month average, led by $9.23bn acquisition of Nets and Nexi, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 23 financial services industry cross border deals worth $10.11bn were announced for the region in November 2020, against the 12-month average of 32 deals.
Of all the deal types, venture financing saw most activity in November 2020 with ten transactions, representing a 43.5% share for the region.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was M&A with eight deals, followed by private equity deals with five transactions, respectively capturing a 34.8% and 21.7% 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 $9.25bn, while private equity and venture financing deals totalled $807.1m and $54.73m, respectively.
Europe financial services industry cross border deals in November 2020: Top deals
The top five financial services cross border deals accounted for 99.8% of the overall value during November 2020.
The combined value of the top five financial services cross border deals stood at $10.08bn, against the overall value of $10.11bn recorded for the month.
The top five financial services industry cross border deals of November 2020 tracked by GlobalData were:
1) The $9.23bn merger of Nets and Nexi
2) The $800m private equity deal with Inigo by Caisse de depot et placement du Quebec, Enstar Group, J.C. Flowers & Co, Oak Hill Advisors, Qatar Investment Authority and Stone Point Capital
3) Accel, Balderton Capital (UK), RTP Global, Seedcamp and SpeedInvest’s $18.63m venture financing of Primer API
4) The $17.54m venture financing of Vivid Money by Ribbit Capital
5) Banco Inter’s acquisition of BMG Granito Solucoes em Pagamento for $16.89m.
