Total financial services industry cross border M&A deals worth $9.9bn were announced globally in November 2020, led by $9.23bn merger of Nets and Nexi, according to GlobalData’s deals database.

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The value marked a decrease of 39.1% over the previous month and a rise of 120% when compared with the last 12-month average, which stood at $4.5bn.

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 $9.25bn. At the country level, the Denmark topped the list in terms of deal value at $9.23bn.

In terms of volumes, North America emerged as the top region for financial services industry cross border M&A deals globally, followed by Europe and then Middle East and Africa.

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The top country in terms of cross border M&A deals activity in November 2020 was the US with eight deals, followed by the UK with two and Canada with two.

In 2020, as of November, financial services cross border M&A deals worth $49.96bn were announced globally, marking an increase of 8.8% year on year.

financial services industry cross border M&A deals in November 2020: Top deals

The top five cross border M&A deals accounted for 100% of the overall value during November 2020.

The combined value of the top five financial services cross border M&A deals stood at $9.9bn, against the overall value of $9.9bn recorded for the month.

The top five financial services industry cross border M&A deals of November 2020 tracked by GlobalData were:

1) The $9.23bn merger of Nets and Nexi

2) The $269m acquisition of AXA Cooperative Insurance, AXA Green Crescent Insurance Co and AXA Insurance (Gulf)(c) by Gulf Insurance Group KSCP

3) The Western Union’s $200m acquisition of Saudi Digital Payment

4) The $182m acquisition of Meta Group by Joyful Fit

5) Banco Inter’s acquisition of BMG Granito Solucoes em Pagamento for $16.89m.