Total financial services industry cross border deals worth $5.69bn were announced globally for February 2021, with the $2.4bn venture financing of Robinhood Financial being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 5.2% over the previous month of $6bn and a drop of 32.3% when compared with the last 12-month average of $8.4bn.
In terms of number of cross border deals, the sector saw a drop of 15.19% with 67 deals in February 2021 when compared to the last 12-month average of 79 deals.
In value terms, North America led the activity with cross border deals worth $2.98bn in February 2021.
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By GlobalDatafinancial services industry cross border deals in February 2021: Top deals
The top five cross border deals accounted for 77.04% of the overall value during February 2021.
The combined value of the top five cross border deals stood at $4.38bn, against the overall value of $5.69bn recorded for the month.
The top five financial services industry cross border deals of February 2021 tracked by GlobalData were:
1) Andreessen Horowitz, ICONIQ Capital, Index Ventures, New Enterprise Associates, Ribbit Capital and Sequoia Capital Operations’ $2.4bn venture financing of Robinhood Financial
2) The $1.07bn private equity deal with AMP by Ares Management
3) Ontario Municipal Employees Retirement System’s $375m acquisition of Brit
4) The $279.35m acquisition deal of Psagot Investment House by Altshuler Shaham Provident and Pension Funds
5) Davidson Kempner Capital Management’s private equity deal with Cepal Holdings Single Member for $257.73m.
