Europe’s financial services industry saw a rise of 54.76% in 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 130 financial services industry deals worth $7.47bn were announced for the region in March 2021, against the 12-month average of 84 deals.
Of all the deal types, M&A saw most activity in March 2021 with 73 transactions, representing a 56.2% share for the region.
In second place was venture financing with 46 deals, followed by private equity deals with 11 transactions, respectively capturing a 35.4% and 8.5% share of the overall deal activity for the month.
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By GlobalDataIn terms of value of deals, M&A was the leading category in Europe’s financial services industry with $5.67bn, while private equity and venture financing deals totalled $1.07bn and $730.34m, respectively.
Europe financial services industry deals in March 2021: Top deals
The top five financial services deals accounted for 79% of the overall value during March 2021.
The combined value of the top five financial services deals stood at $5.9bn, against the overall value of $7.47bn recorded for the month.
The top five financial services industry 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 $520.17m private equity deal with Ethniki Hellenic General Insurance by CVC Capital Partners Fund VII
5) Eurazeo PME, Groupe Premium – Management Team and Montefiore Investment’s private equity deal with Groupe Premium for $345.7m.
