Total financial services industry M&A deals in September 2020 worth $8.61bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 9.7% over the previous month and a drop of 61.02% when compared with the last 12-month average, which stood at $22.09bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.74bn. At the country level, the US topped the list in terms of deal value at $6.55bn.
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 September 2020 was the US with 79 deals, followed by the UK with 21 and Canada with ten.
In 2020, as of the end of September 2020, financial services M&A deals worth $189.69bn were announced globally, marking a decrease of 10% year on year.
Financial services industry M&A deals in September 2020: Top deals
The top five financial services industry M&A deals accounted for 75.9% of the overall value during September 2020.
The combined value of the top five financial services M&A deals stood at $6.54bn, against the overall value of $8.61bn recorded for the month.
The top five financial services industry deals of September 2020 tracked by GlobalData were:
1) Empower Retirement’s $3.35bn asset transaction with Massachusetts Mutual Life Insurance
2) The $1.68bn acquisition of Versant Health by MetLife
3) Xiamen ITG Group’s $672.88m acquisition of Bao Daren (Xiamen) Investment
4) The $440m acquisition of FBL Financial Group by Farm Bureau Property & Casualty Insurance
5) State Farm Mutual Automobile Insurance’s acquisition of Gainsco for $400m.
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.