Total financial services industry cross border deals worth $16.97bn were announced globally for December 2020, with the $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 29.05% over the previous month of $13.15bn and a rise of 109% when compared with the last 12-month average of $8.12bn.
In terms of number of cross border deals, the sector saw a rise of 17.72% with 93 deals in December 2020 when compared to the last 12-month average of 79 deals.
In value terms, North America led the activity with cross border deals worth $12.43bn in December 2020.
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By GlobalDatafinancial services industry cross border deals in December 2020: Top deals
The top five cross border deals accounted for 77.02% of the overall value during December 2020.
The combined value of the top five cross border deals stood at $13.07bn, against the overall value of $16.97bn 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 $1.7bn acquisition of Waddell & Reed Financial by Macquarie Asset Management Holding
3) Goldman Sachs Merchant Banking Division’s $925.23m private equity deal with People
4) The $750m private equity deal of RiverStone Europe by CVC Strategic Opportunities II
5) Bain Capital’s private equity deal with LV= for $694.58m.
