Total financial services industry deals for January 2019 worth $21.49bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 22.4% over the previous month and a drop of 31.1% when compared with the last 12-month average of $31.18bn.

In terms of number of deals, the sector saw a rise of 17.02% over the last 12-month average with 330 deals against the average of 282 deals.

In value terms, North America led the activity with deals worth $8.98bn.

Financial services industry deals in January 2019 : Top deals

The top five financial services industry deals accounted for 58.5% of the overall value during January 2019.

The combined value of the top five financial services industry deals stood at $12.56bn, against the overall value of $21.49bn recorded for the month. The top announced financial services industry deal tracked by GlobalData in January 2019 was $4.27bn merger of Chemical Financial and TCF Financial.

In second place was merger of Abu Dhabi Commercial Bank and Union National Bank for $3.99bn and in third place was $1.68bn merger of Bandhan Bank and GRUH Finance.

Advent International’s $1.42bn private equity deal with Prisma Medios de Pago and Protective Life & Annuity Insurance and Protective Life Insurance’s asset transaction with Great-West Life & Annuity Insurance for $1.2bn held fourth and fifth positions, respectively.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.