Total financial services industry cross border M&A deals worth $4.7bn were announced globally in June 2021, led by AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd, according to GlobalData’s deals database.
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The value marked an increase of 90.3% over the previous month of $2.48bn and a rise of 26.2% when compared with the last 12-month average, which stood at $3.74bn.
Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $3.63bn. At the country level, the China topped the list in terms of deal value at $2.13bn.
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 June 2021 was Canada with six deals, followed by the UK with six and the US with six.
In 2021, as of June, financial services cross border M&A deals worth $19.55bn were announced globally, marking an increase of 31.2% year on year.
financial services industry cross border M&A deals in June 2021: Top deals
The top five cross border M&A deals accounted for 77.6% of the overall value during June 2021.
The combined value of the top five financial services cross border M&A deals stood at $3.66bn, against the overall value of $4.7bn recorded for the month.
The top five financial services industry cross border M&A deals of June 2021 tracked by GlobalData were:
1) AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd
2) The $985.19m acquisition of Nutmeg Saving & Investment by JPMorgan Chase
3) Hollard Insurance Group’s $467.37m acquisition of CommInsure
4) The $257.18m acquisition of HDFC ERGO General InsuranceLimited by HDFC Bank
5) Sumitomo Mitsui Banking’s acquisition of 4.99% stake in Rizal Commercial Banking for $92.27m.
