Total financial services industry deals for Q4 2019 worth $88.93bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 17.04% over the previous quarter and a rise of 20.5% when compared with the last four-quarter average of $73.87bn.

In terms of number of deals, the sector saw a drop of 0.1% over the last four-quarter average with 866 deals against the average of 867 deals.

In value terms, North America led the activity with deals worth $44.57bn.

Financial services industry deals in Q4 2019: Top deals

The top five financial services deals accounted for 48.1% of the overall value during Q4 2019.

The combined value of the top five financial services deals stood at $42.81bn, against the overall value of $88.93bn recorded for the month.

The top five financial services industry deals of Q4 2019 tracked by GlobalData were:

1) The Charles Schwab’s $26bn acquisition of TD Ameritrade

2) The $6.3bn asset transaction with Cigna by New York Life Insurance

3) Phoenix Group Holdings’ $4.27bn acquisition of ReAssure Group

4) The $3.14bn acquisition of Bolsas y Mercados Espanoles by SIX Group

5) HCC Insurance(Inactive)’s acquisition of Privilege Underwriters for $3.1bn.

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.