Total financial services industry deals for May 2020 worth $9.52bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 36.9% over the previous month and a drop of 67.3% when compared with the last 12-month average of $29.14bn.

In terms of number of deals, the sector saw a drop of 27.1% over the last 12-month average with 221 deals against the average of 303 deals.

In value terms, Asia-Pacific led the activity with deals worth $5.39bn.

Financial services industry deals in May 2020: Top deals

The top five financial services deals accounted for 61.1% of the overall value during May 2020.

The combined value of the top five financial services deals stood at $5.81bn, against the overall value of $9.52bn recorded for the month.

The top five financial services industry deals of May 2020 tracked by GlobalData were:

1) Sony’s $3.73bn acquisition of Sony Financial Holdings

2) The $1.11bn private equity deal with Colonial First State Investments by KKR &Inc

3) Alphabet and Ontario Teachers Pension Plan Board’s $400m venture financing of Sidewalk Infrastructure Partners

4) The $300m acquisition of Afterpay by Tencent Holdings

5) 9Yards Capital, New Enterprise Associates, Ribbit Capital, Sequoia Capital Operations and Unusual Ventures’ venture financing of Robinhood Financial for $280m.

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.