Total financial services industry M&A deals worth $3.9bn were announced in Asia-Pacific in June 2021, led by AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
The value marked an increase of 337.8% over the previous month of $893.11m and a rise of 117.2% when compared with the last 12-month average of $1.8bn.
Asia-Pacific held a 55.78% share of the global financial services industry M&A deal value that totalled $7.01bn in June 2021. With a 30.53% share and deals worth $2.14bn, China was the top country in Asia-Pacific’s M&A deal value across financial services industry.
In terms of M&A deal activity, Asia-Pacific recorded 29 deals during June 2021, marking an increase of 45% over the previous month and a drop of 12.12% over the 12-month average. India recorded six deals during the month.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAsia-Pacific financial services industry M&A deals in June 2021: Top deals
The top five financial services industry M&A deals accounted for 70.7% of the overall value during June 2021.
The combined value of the top five financial services deals stood at $2.77bn, against the overall value of $3.9bn recorded for the month.
The top five financial services industry M&A deals of June 2021 tracked by GlobalData were:
1) AIALimited’s $1.86bn acquisition of 24.99% stake in China Post Life InsuranceLtd
2) The $467.37m acquisition of CommInsure by Hollard Insurance Group
3) HDFC Bank’s $257.18m acquisition of HDFC ERGO General InsuranceLimited
4) The $92.27m acquisition of 4.99% stake in Rizal Commercial Banking by Sumitomo Mitsui Banking
5) Shenzhen International China Logistics Development’s acquisition of Vailog Hong Kong DC11 for $90.05m.
