Total financial services industry cross border deals worth $9.64bn were announced globally for March 2021, with the $2.95bn acquisition of Aviva Poland being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 57.5% over the previous month of $6.12bn and a rise of 15.6% when compared with the last 12-month average of $8.34bn.

In terms of number of cross border deals, the sector saw a rise of 54.32% with 125 deals in March 2021 when compared to the last 12-month average of 81 deals.

In value terms, Europe led the activity with cross border deals worth $5.77bn in March 2021.

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financial services industry cross border deals in March 2021: Top deals

The top five cross border deals accounted for 69.8% of the overall value during March 2021.

The combined value of the top five cross border deals stood at $6.73bn, against the overall value of $9.64bn 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 with Aviva by Allianz and CNP Assurances

3) Constellation Insurance Holdings’ $1bn acquisition of Ohio National Financial Services and Ohio National Mutual Holdings

4) The $900m merger deal of eToro (UK) and FinTech AcquisitionV

5) Hillhouse Capital Group and Warburg Pincus’ private equity deal with JD Property for $700m.