Total financial services industry cross border M&A deals worth $2.6bn were announced globally in April 2021, led by Ameriprise Financial’s $845m asset transaction with Bank of Montreal, according to GlobalData’s deals database.
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The value marked a decrease of 63.4% over the previous month of $7.04bn and a drop of 50.9% when compared with the last 12-month average, which stood at $5.25bn.
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 $1.21bn. At the country level, the Canada topped the list in terms of deal value at $845.72m.
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 April 2021 was Ireland with six deals, followed by the US with five and Canada with four.
In 2021, as of April, financial services cross border M&A deals worth $13.06bn were announced globally, marking an increase of 4.4% year on year.
financial services industry cross border M&A deals in April 2021: Top deals
The top five cross border M&A deals accounted for 92.7% of the overall value during April 2021.
The combined value of the top five financial services cross border M&A deals stood at $2.39bn, against the overall value of $2.6bn recorded for the month.
The top five financial services industry cross border M&A deals of April 2021 tracked by GlobalData were:
1) Ameriprise Financial’s $845m asset transaction with Bank of Montreal
2) The $813.65m acquisition of 13% stake in Shenzhen Rural Commercial Bank by DBS Group Holdings
3) Nuvei Technologies’ $315m acquisition of Mazooma Technical Services
4) The $290m acquisition of Mainstream Group Holdings by SS&C Technologies Holdings
5) EML Payments’ acquisition of Sentenial for $130.16m.
