Total financial services industry deals for May 2019 worth $28.47bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 81% over the previous month and a rise of 15% when compared with the last 12-month average of $24.75bn.

In terms of number of deals, the sector saw a rise of 13.6% over the last 12-month average with 284 deals against the average of 250 deals.

In value terms, North America led the activity with deals worth $22.98bn.

Financial services industry deals in May 2019: Top deals

The top five financial services deals accounted for 86.4% of the overall value during May 2019.

The combined value of the top five financial services deals stood at $24.58bn, against the overall value of $28.47bn recorded for the month. The top announced financial services deal tracked by GlobalData in May 2019 was $21.5bn merger of Global Payments and Total System Services.

In second place was the $889m acquisition of SafeCharge International Group by Nuvei and in third place was The Goldman Sachs Group’s $750m acquisition of United Capital Financial Partners.

The $729.42m acquisition of Liverpool Victoria General Insurance Group by Allianz (UK) and General Atlantic’s private equity deal with Deutsche Borse for $715m held fourth and fifth positions, respectively.

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.