Total financial services industry M&A deals worth $1.4bn were announced in Europe in June 2021, led by JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment, according to GlobalData’s deals database.
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The value marked a decrease of 66.9% over the previous month of $4.32bn and a drop of 63.9% when compared with the last 12-month average of $3.96bn.
Europe held a 20.40% share of the global financial services industry M&A deal value that totalled $7.01bn in June 2021. With an 18.54% share and deals worth $1.3bn, the UK was the top country in Europe’s M&A deal value across financial services industry.
In terms of M&A deal activity, Europe recorded 41 deals during June 2021, marking a decrease of 25.45% over the previous month and a drop of 14.58% over the 12-month average. The UK recorded 20 deals during the month.
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By GlobalDataEurope financial services industry M&A deals in June 2021: Top deals
The top five financial services industry M&A deals accounted for 96.7% of the overall value during June 2021.
The combined value of the top five financial services deals stood at $1.39bn, against the overall value of $1.43bn recorded for the month.
The top five financial services industry M&A deals of June 2021 tracked by GlobalData were:
1) JPMorgan Chase’s $985.19m acquisition of Nutmeg Saving & Investment
2) The $208.71m acquisition of Saunderson House by Rathbone Brothers
3) Arachas Corporate Brokers’ $71.43m acquisition of Hooper Dolan Insurances
4) The $65.24m acquisition of Intesa Sanpaolo by Innolva
5) Titan Wealth Holdings’ acquisition of Tavistock Wealth for $56.41m.
