Europe’s financial services industry saw a flat growth in cross border deal activity during May 2021, when compared with the last 12-month average, led by Berkshire Hathaway’s $942.6m acquisition of Aon UK, according to GlobalData’s deals database.
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A total of 33 financial services industry cross border deals worth $2.5bn were announced for the region in May 2021, against the 12-month average of 33 deals.
Of all the deal types, M&A saw most activity in May 2021 with 19 transactions, representing a 57.6% share for the region.
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By GlobalDataIn second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 27.3% and 15.2% 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 $1.14bn, while venture financing and private equity deals totalled $1.06bn and $286.61m, respectively.
Europe financial services industry cross border deals in May 2021: Top deals
The top five financial services cross border deals accounted for 92% of the overall value during May 2021.
The combined value of the top five financial services cross border deals stood at $2.29bn, against the overall value of $2.5bn recorded for the month.
The top five financial services industry cross border deals of May 2021 tracked by GlobalData were:
1) Berkshire Hathaway’s $942.6m acquisition of Aon UK
2) The $900m venture financing deal with Trade Republic Bank by Accel, Creandum Advisor, Founders Fund, Project A Services GmbHKG, Sequoia Capital Operations, TCMI and Thrive Capital Partners
3) Barinboim Group, Leumi Partners, Management Team – Finalto Group and Menora Mivtachim Insurance’s $210m private equity deal with Finalto Group
4) The $125m venture financing of PaySend Group by Hermes GPE Innovation Fund, Infravia Growth Capital, One Peak Partners and Plug and Play
5) Zip’s acquisition of Twisto Payments for $108.43m.
