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  1. Deals Analysis
July 31, 2022

Financial Services industry M&A deals total $1.8bn in US in June 2022

By Carmen

Total financial services industry M&A deals worth $1.8bn were announced in the US in June 2022, with JAB HoldingLLC’s $1.4bn acquisition of Crum & Forster Pet Insurance Group and Pethealth being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 89.7% over the previous month of $933m and a drop of 62.02% when compared with the last 12-month average of $4.66bn.

The US held a 51.75% share of the global financial services industry M&A deal value that totalled $3.42bn in June 2022.

In terms of M&A deal activity, the US recorded 54 deals during June 2022, marking a decrease of 5.26% over the previous month and a drop of 32.50% over the 12-month average.

US financial services industry M&A deals in June 2022: Top deals

The top three financial services industry M&A deals accounted for 95.48% of the overall value during June 2022.

The combined value of the top three financial services M&A deals stood at $1.69bn, against the overall value of $1.77bn recorded for the month.

The top three financial services industry M&A deals of June 2022 tracked by GlobalData were:

1) JAB HoldingLLC $1.4bn acquisition deal with Crum & Forster Pet Insurance Group and Pethealth

2) The $181.1m acquisition of GrandSouth Bancorporation by First Bancorp.

3) FNB $117m acquisition deal with UB Bancorp and Union Bank

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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