Europe’s financial services industry saw a rise of 13.89% in cross border deal activity during August 2021, when compared with the last 12-month average, led by Apex AcquisitionLimited’s $2.07bn acquisition of Sanne Group, according to GlobalData’s deals database.
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A total of 41 financial services industry cross border deals worth $3.8bn were announced for the region in August 2021, against the 12-month average of 36 deals.
Of all the deal types, M&A saw most activity in August 2021 with 23 transactions, representing a 56.1% share for the region.
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By GlobalDataIn second place was venture financing with 13 deals, followed by private equity deals with five transactions, respectively capturing a 31.7% and 12.2% 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 $2.72bn, while venture financing and private equity deals totalled $959.03m and $100m, respectively.
Europe financial services industry cross border deals in August 2021: Top deals
The top five financial services cross border deals accounted for 85.8% of the overall value during August 2021.
The combined value of the top five financial services cross border deals stood at $3.24bn, against the overall value of $3.8bn recorded for the month.
The top five financial services industry cross border deals of August 2021 tracked by GlobalData were:
1) Apex Acquisition Limited $2.07bn acquisition deal with Sanne Group
2) The $314.83m acquisition of Shenzhen Investment International Capital Holdings Infrastructure by Mei Wah Industrial (Hong Kong)
3) Altimeter Capital Management,Avid Ventures,BlackRock Funds Services Group,Dragoneer Investment Group,Durable Capital Partners,Fidelity Management & Research,General Catalyst Partners,Latitude (UK),Spark Capital Partners,TaL Capital,Target Global and Whale Rock Capital Management $300m venture financing deal with Rapyd Financial Network (2016)
4) The $292m venture financing of WorldRemit by (US),Accel Partners – UK,Farallon Capital Management,LeapFrog Investments and TCV
5) Alan Howard,Jump Capital,LeadBlock Partners,REDO Ventures and Valar Ventures $263m venture financing deal with Bitpanda
