Total financial services industry deals worth $25.8bn were announced globally for October 2021, with the $9bn acquisition of PartnerRe being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 50.9% over the previous month of $17.09bn and a rise of 11.6% when compared with the last 12-month average of $23.12bn.

In terms of number of deals, the sector saw a drop of 10.30% with 296 deals in October 2021 when compared to the last 12-month average of 330 deals.

In value terms, South and Central America led the activity with deals worth $9.22bn in October 2021.

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financial services industry deals in October 2021: Top deals

The top five deals accounted for 70.6% of the overall value during October 2021.

The combined value of the top five deals stood at $18.21bn, against the overall value of $25.8bn recorded for the month.

The top five financial services industry deals of October 2021 tracked by GlobalData were:

1) Covea Mutual Insurance Group $9bn acquisition deal with PartnerRe

2) The $4.2bn acquisition of Oak Hill Advisors by T. Rowe Price Group

3) La Banque Postale $2.81bn acquisition deal for 16.1% stake in CNP Assurances

4) The $1.2bn acquisition of EnTie Commercial Bank by IBF Financial Holdings

5) The Blackstone Group $1bn private equity deal with The Family (Music)