Total financial services industry M&A deals worth $3.5bn were announced in Europe in July 2021, led by Lloyds Banking Group’s $541.39m acquisition of Embark Group, according to GlobalData’s deals database.
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The value marked a decrease of 9.9% over the previous month of $3.84bn and a drop of 13.5% when compared with the last 12-month average of $4bn.
Europe held a 30.43% share of the global financial services industry M&A deal value that totalled $11.37bn in July 2021. With an 11.43% share and deals worth $1.3bn, the UK was the top country in Europe’s M&A deal value across financial services industry.
In terms of M&A deal activity, Europe recorded 56 deals during July 2021, marking an increase of 27.27% over the previous month and a rise of 19.15% over the 12-month average. The UK recorded 29 deals during the month.
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By GlobalDataEurope financial services industry M&A deals in July 2021: Top deals
The top five financial services industry M&A deals accounted for 58.5% of the overall value during July 2021.
The combined value of the top five financial services deals stood at $2.02bn, against the overall value of $3.5bn recorded for the month.
The top five financial services industry M&A deals of July 2021 tracked by GlobalData were:
1) Embark Group $541.39m acquisition deal with Lloyds Banking Group
2) The $518.34m acquisition of J&E Davy by Bank of Ireland Group
3) Charles Stanley Group $387.17m acquisition deal with Raymond James Financial
4) The $272m acquisition of Ark Life Assurancedac by Irish Life Group
5) FLOA $304.23m acquisition deal with BNP Paribas
