Total financial services industry deals worth $34.61bn were announced globally for March 2021, with the $10.91bn merger of Apollo Global Management and Athene Holding being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 22.1% over the previous month of $28.35bn and a rise of 38% when compared with the last 12-month average of $25.08bn.

In terms of number of deals, the sector saw a rise of 29.30% with 406 deals in March 2021 when compared to the last 12-month average of 314 deals.

In value terms, North America led the activity with deals worth $23.56bn in March 2021.

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financial services industry deals in March 2021: Top deals

The top five deals accounted for 50.4% of the overall value during March 2021.

The combined value of the top five deals stood at $17.44bn, against the overall value of $34.61bn recorded for the month.

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

1) $10.91bn merger of Apollo Global Management and Athene Holding

2) The $2.95bn acquisition of Aviva Poland by Allianz

3) CUNA Mutual Group’s $1.3bn asset transaction with Assurant

4) The $1.18bn asset transaction deal of Aviva by Allianz and CNP Assurances

5) Ares Management’s acquisition deal with Landmark Partners for $1.1bn.