Total financial services industry M&A deals worth $11.4bn were announced globally in July 2021, led by Liberty Mutual HoldingInc’s $2.29bn acquisition of State Auto Insurance Companies, according to GlobalData’s deals database.

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The value marked an increase of 16.7% over the previous month of $9.74bn and a rise of 3% when compared with the last 12-month average, which stood at $11.04bn.

Comparing M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $6.66bn. At the country level, the US topped the list in terms of deal value at $6.64bn.

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.

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The top country in terms of M&A deals activity in July 2021 was the US with 71 deals, followed by the UK with 29 and Canada with ten.

In 2021, as of July, financial services M&A deals worth $79.06bn were announced globally, marking an increase of 30.5% year on year.

financial services industry M&A deals in July 2021: Top deals

The top five M&A deals accounted for 42.5% of the overall value during July 2021.

The combined value of the top five financial services M&A deals stood at $4.83bn, against the overall value of $11.4bn recorded for the month.

The top five financial services industry M&A deals of July 2021 tracked by GlobalData were:

1) State Auto Insurance Companies $2.29bn acquisition deal with Liberty Mutual HoldingInc

2) The $750m acquisition of PayCertify by Payment Reservations

3) Parnassus Investments $600m acquisition deal with Affiliated Managers Group

4) The $594.27m acquisition of Liberty Holdings by Standard Bank Group

5) Amherst Pierpont Securities $600m acquisition deal with Santander Holdings USA