Total financial services industry M&A deals in October 2020 worth $28.62bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 165.8% over the previous month and a rise of 29.4% when compared with the last 12-month average, which stood at $22.12bn.

Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $14.59bn. At the country level, the US topped the list in terms of deal value at $11.83bn.

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 October 2020 was the US with 88 deals, followed by the UK with 31 and Canada with ten.

In 2020, as of the end of October 2020, financial services M&A deals worth $218.7bn were announced globally, marking an increase of 0.5% year on year.

Financial services industry M&A deals in October 2020: Top deals

The top five financial services industry M&A deals accounted for 85.6% of the overall value during October 2020.

The combined value of the top five financial services M&A deals stood at $24.51bn, against the overall value of $28.62bn recorded for the month.

The top five financial services industry deals of October 2020 tracked by GlobalData were:

1) Intact Financial and Tryg’s $9.27bn acquisition of RSA Insurance Group

2) The $7bn acquisition of Eaton Vance by Morgan Stanley

3) London Stock Exchange Group Holdings Italia’s $5.09bn acquisition of Borsa Italiana

4) The $2.16bn merger of CIT Group and First Citizens BancShares by

5) White Mountains Insurance Group’s acquisition of Group Ark Insurance for $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.


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