Total financial services industry M&A deals worth $2.04bn were announced in North America in May 2021, led by Galaxy Digital Holdings’ $1.2bn acquisition of BitGo, according to GlobalData’s deals database.

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The value marked a decrease of 60.4% over the previous month of $5.15bn and a drop of 45.9% when compared with the last 12-month average of $3.77bn.

North America held a 38.56% share of the global financial services industry M&A deal value that totalled $5.29bn in May 2021. With a 38.37% share and deals worth $2.03bn, the US was the top country in North America’s M&A deal value across financial services industry.

In terms of M&A deal activity, North America recorded 74 deals during May 2021, marking a decrease of 7.50% over the previous month and a flat growth over the 12-month average. The US recorded 66 deals during the month.

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North America financial services industry M&A deals in May 2021: Top deals

The top five financial services industry M&A deals accounted for 99.8% of the overall value during May 2021.

The combined value of the top five financial services deals stood at $2.03bn, against the overall value of $2.04bn recorded for the month.

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

1) Galaxy Digital Holdings’ $1.2bn acquisition of BitGo

2) The $503m acquisition of BillingTree by Repay Holdings

3) Pendal Group’s $320m acquisition of Siegel & Walmsley and Thompson

4) The $6m acquisition of 20% stake in SmartGuard-Solutions by FOMO

5) DWF’s acquisition of BCA Claims and Consulting for $3.11m.