Total financial services industry cross border M&A deals worth $13.77bn were announced globally in December 2020, led by $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group, according to GlobalData’s deals database.
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The value marked an increase of 36.2% over the previous month of $10.11bn and a rise of 191.1% when compared with the last 12-month average, which stood at $4.73bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $11.33bn. At the country level, the US topped the list in terms of deal value at $10.71bn.
In terms of volumes, Europe emerged as the top region for financial services industry cross border M&A deals globally, followed by Asia-Pacific and then North America.
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By GlobalDataThe top country in terms of cross border M&A deals activity in December 2020 was the UK with 11 deals, followed by the US with eight and Canada with five.
In 2020, as of December, financial services cross border M&A deals worth $61.92bn were announced globally, marking an increase of 13.4% year on year.
financial services industry cross border M&A deals in December 2020: Top deals
The top five cross border M&A deals accounted for 87.3% of the overall value during December 2020.
The combined value of the top five financial services cross border M&A deals stood at $12.02bn, against the overall value of $13.77bn recorded for the month.
The top five financial services industry cross border M&A 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) Allianz’s $533.65m acquisition of Westpac General Insurance and Westpac General Insurance Services
4) The $420m acquisition of Westpac Bank PNG and Westpac Banking by Kina Securities
5) GoDaddy’s acquisition of Poynt for $365m.
