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  1. Deals Analysis
November 30, 2021

Financial Services industry M&A deals total $19.1bn globally in October 2021

By Carmen

Total financial services industry M&A deals worth $19.1bn were announced globally in October 2021, led by Covea Mutual Insurance Group’s $9bn acquisition of PartnerRe, according to GlobalData’s deals database.

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The value marked an increase of 61.3% over the previous month of $11.82bn and a rise of 24.2% when compared with the last 12-month average, which stood at $15.35bn.

Comparing M&A deals value in different regions of the globe, South and Central America held the top position, with total announced deals in the period worth $9.01bn. At the country level, the Bermuda topped the list in terms of deal value at $9bn.

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 October 2021 was the US with 63 deals, followed by the UK with 21 and Canada with 11.

In 2021, as of October, financial services M&A deals worth $159.5bn were announced globally, marking an increase of 3.4% year on year.

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

The top five M&A deals accounted for 94.2% of the overall value during October 2021.

The combined value of the top five financial services M&A deals stood at $17.96bn, against the overall value of $19.1bn recorded for the month.

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

1) Covea Mutual Insurance Group $9bn acquisition deal with PartnerRe

2) The $4.2bn acquisition of Oak Hill Advisors by T. Rowe Price Group

3) La Banque Postale $2.81bn acquisition deal for 16.1% stake in CNP Assurances

4) The $1.2bn acquisition of EnTie Commercial Bank by IBF Financial Holdings

5) Ally Financial $750m acquisition deal with Fair Square Financial Holdings

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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