Total financial services industry M&A deals worth $18.81bn were announced globally in February 2021, led by M&T Bank’s $7.6bn acquisition of People’s United Financial, according to GlobalData’s deals database.
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The value marked a decrease of 1.7% over the previous month of $19.13bn and a drop of 18.6% when compared with the last 12-month average, which stood at $23.1bn.
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 $13.19bn. At the country level, the US topped the list in terms of deal value at $13.06bn.
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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By GlobalDataThe top country in terms of M&A deals activity in February 2021 was the US with 67 deals, followed by the UK with 27 and Canada with six.
In 2021, as of February, financial services M&A deals worth $37.94bn were announced globally, marking an increase of 51.3% year on year.
financial services industry M&A deals in February 2021: Top deals
The top five M&A deals accounted for 90.5% of the overall value during February 2021.
The combined value of the top five financial services M&A deals stood at $17.03bn, against the overall value of $18.81bn recorded for the month.
The top five financial services industry M&A deals of February 2021 tracked by GlobalData were:
1) M&T Bank’s $7.6bn acquisition of People’s United Financial
2) The $4.7bn merger of Apex Clearing and Northern Star InvestmentII
3) Aema Groupe’s $3.88bn acquisition of Aviva France
4) The $469.84m acquisition of Cargeas Assicurazioni by Intesa Sanpaolo
5) Ontario Municipal Employees Retirement System’s acquisition of Brit for $375m.
