Europe’s financial services industry saw a drop of 32.56% in cross border 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.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • 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 29 financial services industry cross border deals worth $4.4bn were announced for the region in November 2021, against the 12-month average of 43 deals.

Of all the deal types, M&A saw most activity in November 2021 with 16 transactions, representing a 55.2% share for the region.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with ten deals, followed by private equity deals with three transactions, respectively capturing a 34.5% and 10.3% 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 $4.19bn, followed by venture financing deals totalled $176.53m.

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

The top five financial services cross border deals accounted for 94% of the overall value during November 2021.

The combined value of the top five financial services cross border deals stood at $4.11bn, against the overall value of $4.4bn recorded for the month.

The top five financial services industry cross border 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 $347.18m acquisition of 20% stake in Yapi ve Kredi Bankasi by Koc Holding

5) Earlybird Digital East Fund,Eleven Ventures,Greenoaks Capital Management and QED Investors $112m venture financing deal with Payhawk