Europe’s financial services industry saw a rise of 34.38% in cross border deal activity during December 2020, when compared with the last 12-month average, led by $9bn acquisition of Foley Trasimene AcquisitionII and Paysafe Group, according to GlobalData’s deals database.
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A total of 43 financial services industry cross border deals worth $11.86bn were announced for the region in December 2020, against the 12-month average of 32 deals.
Of all the deal types, M&A saw most activity in December 2020 with 24 transactions, representing a 55.8% share for the region.
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By GlobalDataIn second place was venture financing with ten deals, followed by private equity deals with nine transactions, respectively capturing a 23.3% and 20.9% 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 $9.86bn, while private equity and venture financing deals totalled $1.66bn and $346.09m, respectively.
Europe financial services industry cross border deals in December 2020: Top deals
The top five financial services cross border deals accounted for 92.6% of the overall value during December 2020.
The combined value of the top five financial services cross border deals stood at $10.98bn, against the overall value of $11.86bn recorded for the month.
The top five financial services industry cross border deals of December 2020 tracked by GlobalData were:
1) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
2) The $750m private equity deal with RiverStone Europe by CVC Strategic Opportunities II
3) Bain Capital’s $694.58m private equity deal with LV=
4) The $327.03m asset transaction with The Carlyle Group by AXA Investment Managers – Real Assets
5) Bain Capital Credit’s private equity deal with National Bank of Greece for $212.38m.
