Total financial services industry cross border M&A deals worth $43.3bn were announced globally in August 2021, led by Square’s $29bn acquisition of Afterpay, according to GlobalData’s deals database.
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The value marked an increase of 1799.1% over the previous month of $2.28bn and a rise of 1030.5% when compared with the last 12-month average, which stood at $3.83bn.
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 $34.99bn. At the country level, the Australia topped the list in terms of deal value at $29bn.
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 August 2021 was the UK with seven deals, followed by the US with six and Singapore with six.
In 2021, as of August, financial services cross border M&A deals worth $65.27bn were announced globally, marking an increase of 236.2% year on year.
financial services industry cross border M&A deals in August 2021: Top deals
The top five cross border M&A deals accounted for 95.9% of the overall value during August 2021.
The combined value of the top five financial services cross border M&A deals stood at $41.46bn, against the overall value of $43.3bn recorded for the month.
The top five financial services industry cross border M&A deals of August 2021 tracked by GlobalData were:
1) Square $29bn acquisition deal with Afterpay
2) The $5.1bn acquisition of American National Group by Brookfield Asset Management Reinsurance Partners
3) PayU $4.7bn acquisition deal with IndiaIdeas.com
4) The $2.07bn acquisition of Sanne Group by Apex AcquisitionLimited
5) Houlihan Lokey $592.15m acquisition deal with GCA
