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  1. Deals Analysis
March 12, 2019

Financial services industry M&A deals in January 2019 total $16.21bn globally

Total financial services industry M&A deals in January 2019 worth $16.21bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 90.5% over the previous month and a drop of 23.7% when compared with the last 12-month average, which stood at $21.25bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.82bn. At the country level, the United States topped the list in terms of deal value at $6.81bn.

In terms of volumes, North America emerged as the top region for financial services M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in January 2019 was the United States with 128 deals, followed by the United Kingdom with 27 and Canada with ten.

In 2019, as of the end of January 2019, financial services industry M&A deals worth $16.21bn were announced globally, marking a decrease of 30.3% year on year.

Financial services industry M&A deals in January 2019 : Top deals

The top five financial services industry M&A deals accounted for 73.5% of the overall value during January 2019.

The combined value of the top five financial services industry M&A deals stood at $11.91bn, against the overall value of $16.21bn recorded for the month. The top announced financial services industry M&A deal tracked by GlobalData in January 2019 was $4.27bn merger of Chemical Financial and TCF Financial.

In second place was merger of Abu Dhabi Commercial Bank and Union National Bank for $3.99bn and in third place was $1.68bn merger of Bandhan Bank and GRUH Finance.

Protective Life & Annuity Insurance and Protective Life Insurance’s $1.2bn asset transaction with Great-West Life & Annuity Insurance and Nasdaq’s acquisition of Oslo Bors VPS Holding for $768.88m held fourth and fifth positions, respectively.

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.

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.

 

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.

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