Total financial services industry cross border M&A deals worth $2.3bn were announced globally 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 a decrease of 53.4% over the previous month of $4.83bn and a drop of 43.3% when compared with the last 12-month average, which stood at $3.97bn.
Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.2bn. At the country level, the US topped the list in terms of deal value at $855.1m.
In terms of volumes, Europe emerged as the top region for financial services industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
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By GlobalDataThe top country in terms of cross border M&A deals activity in July 2021 was the UK with eight deals, followed by the US with eight and Canada with three.
In 2021, as of July, financial services cross border M&A deals worth $21.92bn were announced globally, marking an increase of 15.8% year on year.
financial services industry cross border M&A deals in July 2021: Top deals
The top five cross border M&A deals accounted for 73.3% of the overall value during July 2021.
The combined value of the top five financial services cross border M&A deals stood at $1.65bn, against the overall value of $2.3bn 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 $380.1m acquisition of 5% stake in Jefferies Financial Group by Sumitomo Mitsui Financial Group
3) KKR Apple $350m acquisition deal for 12% stake in Corporacion Financiera Alba
4) The $261.31m acquisition of Axepta by Worldline
5) Ark Life Assurancedac $272m acquisition deal with Irish Life Group
