Europe’s financial services industry saw a rise of 54.55% in cross border deal activity during March 2021, when compared with the last 12-month average, led by Allianz’s $2.95bn acquisition of Aviva Poland, according to GlobalData’s deals database.
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A total of 51 financial services industry cross border deals worth $5.77bn were announced for the region in March 2021, against the 12-month average of 33 deals.
Of all the deal types, venture financing saw most activity in March 2021 with 23 transactions, representing a 45.1% share for the region.
In second place was M&A with 22 deals, followed by private equity deals with six transactions, respectively capturing a 43.1% and 11.8% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border deals, M&A was the leading category in Europe’s financial services industry with $5.14bn, while venture financing and private equity deals totalled $430.69m and $200m, respectively.
Europe financial services industry cross border deals in March 2021: Top deals
The top five financial services cross border deals accounted for 93.6% of the overall value during March 2021.
The combined value of the top five financial services cross border deals stood at $5.4bn, against the overall value of $5.77bn recorded for the month.
The top five financial services industry cross border deals of March 2021 tracked by GlobalData were:
1) Allianz’s $2.95bn acquisition of Aviva Poland
2) The $1.18bn asset transaction deal with Aviva by Allianz and CNP Assurances
3) $900m merger of eToro (UK) and FinTech AcquisitionV
4) The $200m private equity deal with Airtel Mobile Commerce by The Rise Fund
5) DST Global and Valar Ventures Management’s venture financing of Bitpanda for $170m.
