Total financial services industry cross border M&A deals worth $1.2bn were announced in Europe in July 2021, led by Raymond James Financial’s $387.17m acquisition of Charles Stanley Group, according to GlobalData’s deals database.
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The value marked an increase of 6.2% over the previous month of $1.13bn and a drop of 43.9% when compared with the last 12-month average of $2.14bn.
Europe held a 53.33% share of the global financial services industry cross border M&A deal value that totalled $2.25bn in July 2021. With an 18.35% share and deals worth $412.82m, the UK was the top country in Europe’s cross border M&A deal value across financial services industry.
In terms of cross border M&A deal activity, Europe recorded 24 deals during July 2021, marking an increase of 50.00% over the previous month and a rise of 41.18% over the 12-month average. The UK recorded eight deals during the month.
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By GlobalDataEurope financial services industry cross border M&A deals in July 2021: Top deals
The top five financial services industry cross border M&A deals accounted for 91.8% of the overall value during July 2021.
The combined value of the top five financial services cross border deals stood at $1.1bn, against the overall value of $1.2bn recorded for the month.
The top five financial services industry cross border M&A deals of July 2021 tracked by GlobalData were:
1) Charles Stanley Group $387.17m acquisition deal with Raymond James Financial
2) The $272m acquisition of Ark Life Assurancedac by Irish Life Group
3) Axepta $261.31m acquisition deal for 80% stake in Worldline
4) The $78.32m acquisition of 51.61% stake in BancSabadell d’Andorra by MoraBanc
5) Valitor HF $100m acquisition deal with Rapyd Financial Networks
