Total financial services industry M&A deals in August 2020 worth $10.13bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 6.2% over the previous month and a drop of 58.7% when compared with the last 12-month average, which stood at $24.54bn.
Comparing deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $3.94bn. At the country level, Cayman Islands (GD Deals) topped the list in terms of deal value at $3.06bn.
In terms of volumes, North America emerged as the top region for financial services industry M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in August 2020 was the US with 69 deals, followed by the UK with 26 and Canada with 13.
In 2020, as of the end of August 2020, financial services M&A deals worth $181.83bn were announced globally, marking a decrease of 9.6% year on year.
Financial services industry M&A deals in August 2020: Top deals
The top five financial services industry M&A deals accounted for 45% of the overall value during August 2020.
The combined value of the top five financial services M&A deals stood at $4.56bn, against the overall value of $10.13bn recorded for the month.
The top five financial services industry deals of August 2020 tracked by GlobalData were:
1) The merger of FinTech AcquisitionIII and Paya for $1.3bn
2) The $1.03bn acquisition of MLC by IOOF Holdings
3) The merger of Sirius International Insurance Group and Third Point Reinsurance for $788m
4) The $753.06m acquisition of Afterpay by Mitsubishi UFJ Financial Group
5) The merger of Honeycomb Investment Trust and Pollen Street Secured Lending for $687.89m.
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.