Total financial services industry deals for June 2019 worth $12.69bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 55.4% over the previous month and a drop of 48% when compared with the last 12-month average of $24.39bn.
In terms of number of deals, the sector saw a rise of 23.1% over the last 12-month average with 304 deals against the average of 247 deals.
In value terms, North America led the activity with deals worth $5.46bn.
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By GlobalDataFinancial services industry deals in June 2019: Top deals
The top five financial services deals accounted for 51.2% of the overall value during June 2019.
The combined value of the top five financial services deals stood at $6.5bn, against the overall value of $12.69bn recorded for the month.
The top five financial services deals tracked by GlobalData in June 2019 were:
1) $2.1bn merger of Prosperity Bancshares and LegacyTexas Financial Group
2) The $1.8bn private equity deal with Stone Canyon Industries Holdings by Eldridge Industries, Mubadala Investment Company, Ontario Teachers’ Pension Plan, Public Sector Pension Investment Board and The Olayan Group
3) Banco Santander’s $1.06bn acquisition of Allianz Popular
4) The $796.42m acquisition of Leaguer Group by Shenzhen Beauty Star and
5) Valley National Bancorp’s acquisition of Oritani Financial for $740m.
Verdict deals analysis methodology
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. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
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.
