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  1. Deals Analysis
December 24, 2021updated 03 Feb 2022 1:28pm

Europe’s financial services industry saw a drop of 28.89% in deal activity during November 2021

By Carmen

Europe’s financial services industry saw a drop of 28.89% in deal activity during November 2021, when compared with the last 12-month average, led by BBVA’s $2.57bn acquisition of Garanti BBVA, according to GlobalData’s deals database.

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A total of 64 financial services industry deals worth $5.1bn were announced for the region in November 2021, against the 12-month average of 90 deals.

Of all the deal types, M&A saw most activity in November 2021 with 40 transactions, representing a 62.5% share for the region.

In second place was venture financing with 19 deals, followed by private equity deals with five transactions, respectively capturing a 29.7% and 7.8% 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 $4.75bn, followed by venture financing deals totalled $342.57m.

Europe financial services industry deals in November 2021: Top deals

The top five financial services deals accounted for 88.4% of the overall value during November 2021.

The combined value of the top five financial services deals stood at $4.51bn, against the overall value of $5.1bn recorded for the month.

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

1) BBVA $2.57bn acquisition deal for 50.2% stake in Garanti BBVA

2) The $550.48m acquisition of LSP Management Group by EQT

3) EQT $521.51m acquisition deal with Life Sciences Partners

4) The $512.66m acquisition of Helix Investments by Sirius Real Estate

5) Koc Holding $347.18m acquisition of 20% stake in Yapi ve Kredi Bankasi

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.

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