ADQ’s $911.46m private equity deal with Commercial International Bank (Egypt) was the Financial services industry’s biggest cross border deal of Q2 2022 as cross border deals worth $13.6bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked a decrease of 56.8% over the previous quarter and a drop of 66.8% when compared with the last four-quarter average of $40.78bn.
In terms of number of cross border deals, the sector saw a drop of 19.83% with 282 deals in Q2 2022 against the average of 351.75 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $4.55bn.
Financial services industry cross border deals in Q2 2022: Top deals
The top five Financial services industry cross border deals accounted for 27.1% of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $3.68bn, against the overall value of $13.6bn recorded for the quarter.
The top five Financial services industry cross border deals of Q2 2022 tracked by GlobalData were:
1) ADQ $911.46m private equity deal with Commercial International Bank (Egypt)
2) The $746.74m acquisition deal with Tysers Insurance Brokers by AUB Group
3) Franklin Resources $700m acquisition deal with BNY Alcentra Group
4) The $690m private equity deal with Coda Payments by GIC,Insight Venture Management and Smash Capital
5) Brickell Insurance Holdings $632.4m acquisition deal with Randall & Quilter Investment Holdings
