Total financial services industry cross border M&A deals worth $9.86bn were announced in Europe 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 6.6% over the previous month of $9.25bn and a rise of 190% when compared with the last 12-month average of $3.4bn.
Europe held a 71.60% share of the global financial services industry cross border M&A deal value that totalled $13.77bn in December 2020. With a 67.25% share and deals worth $9.26bn, the UK was the top country in Europe’s cross border M&A deal value across financial services industry.
In terms of cross border M&A deal activity, Europe recorded 24 deals during December 2020, marking an increase of 140.00% over the previous month and a rise of 26.32% over the 12-month average. The UK recorded 11 deals during the month.
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By GlobalDataEurope financial services industry cross border M&A deals in December 2020: Top deals
The top five financial services industry cross border M&A deals accounted for 99.2% of the overall value during December 2020.
The combined value of the top five financial services cross border deals stood at $9.78bn, against the overall value of $9.86bn 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 $327.03m asset transaction with The Carlyle Group by AXA Investment Managers – Real Assets
3) Assicurazioni Generali’s $202.66m acquisition of AXA Insurance AE
4) The $190m acquisition of Finablr by Global Fintech Investments
5) Chenming (Overseas)’s acquisition of Aberdeen Industrial and VNN for $62.71m.
