Europe’s financial services industry saw a drop of 40.48% in cross border deal activity during July 2022, when compared with the last 12-month average, led by EDBI, Eurazeo, Horizons Ventures, LGT Impact Ventures, Mubadala Investment, OMERS Ventures and Target Global’s $400m venture financing deal with FinanceFox Germany, according to GlobalData’s deals database.

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A total of 25 financial services industry cross border deals worth $1.4bn were announced for the region in July 2022, against the 12-month average of 42 deals.

Of all the deal types, M&A saw most activity in July 2022 with 11 transactions, representing a 44% share for the region.

In second place was venture financing with 11 deals, followed by private equity deals with three transactions, respectively capturing a 44% and 12% share of the overall cross border deal activity for the month.

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In terms of value of cross border deals, venture financing was the leading category in Europe’s financial services industry with $593.52m, while private equity and M&A deals totalled $497.65m and $284.61m, respectively.

Europe financial services industry cross border deals in July 2022: Top deals

The top five financial services cross border deals accounted for 93.5% of the overall value during July 2022.

The combined value of the top five financial services cross border deals stood at $1.29bn, against the overall value of $1.4bn recorded for the month.

The top five financial services industry cross border deals of July 2022 tracked by GlobalData were:

1) EDBI,Eurazeo,Horizons Ventures,LGT Impact Ventures,Mubadala Investment,OMERS Ventures and Target Global $400m venture financing deal with FinanceFox Germany

2) The $376.76m private equity of Societe Anonyme and Opteven Assurances by Apax Partners

3) Kingdom Holding $268.66m acquisition deal with M&G

4) The $120.89m private equity of Cooper Parry by Waterland Private Equity Investments

5) Anthemis Group,Creandum,Daiichi,Eurazeo,Latitude – UK,LocalGlobe,MMC Ventures,Notion Capital,OurCrowd and Target Global $120m venture financing deal with yu life