Europe’s financial services industry saw a rise of 5.71% in cross border deal activity during June 2021, when compared with the last 12-month average, led by JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment, according to GlobalData’s deals database.
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A total of 37 financial services industry cross border deals worth $2.4bn were announced for the region in June 2021, against the 12-month average of 35 deals.
Of all the deal types, M&A saw most activity in June 2021 with 15 transactions, representing a 40.5% share for the region.
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By GlobalDataIn second place was venture financing with 14 deals, followed by private equity deals with eight transactions, respectively capturing a 37.8% and 21.6% 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 $1.02bn, while venture financing and private equity deals totalled $1.01bn and $331.1m, respectively.
Europe financial services industry cross border deals in June 2021: Top deals
The top five financial services cross border deals accounted for 91.6% of the overall value during June 2021.
The combined value of the top five financial services cross border deals stood at $2.16bn, against the overall value of $2.4bn recorded for the month.
The top five financial services industry cross border deals of June 2021 tracked by GlobalData were:
1) JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment
2) The $800m venture financing deal with Mollie by Alkeon Capital, Blackstone Growth, EQT Growth, General Atlantic, HMI Capital and TCV
3) TA Associates Management’s $301.1m private equity deal with Soderberg & Partners
4) The $39.54m acquisition of Payment Assist by Openpay
5) Endeavor Catalyst, European Bank for Reconstruction and Development, International Finance, Jon Moulton, Lord O’Neill and Portag3 Ventures’ venture financing of HD Insurance for $38.22m.
