Total financial services industry M&A deals worth $479.9m were announced in Asia-Pacific in July 2021, led by Ngai Tahu Property’s $98.71m acquisition of Fidelity Life AssuranceLimited, according to GlobalData’s deals database.
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The value marked a decrease of 87.7% over the previous month of $3.91bn and a drop of 76% when compared with the last 12-month average of $2bn.
Asia-Pacific held a 4.22% share of the global financial services industry M&A deal value that totalled $11.37bn in July 2021. With a 2.30% share and deals worth $262m, Republic of Korea (South Korea) 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 22 deals during July 2021, marking a decrease of 18.52% over the previous month and a drop of 31.25% over the 12-month average. Australia recorded nine deals during the month.
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Asia-Pacific financial services industry M&A deals in July 2021: Top deals
The top five financial services industry M&A deals accounted for 45.05% of the overall value during July 2021.
The combined value of the top five financial services deals stood at $216.22m, against the overall value of $479.9m recorded for the month.
The top five financial services industry M&A deals of July 2021 tracked by GlobalData were:
1) Ngai Tahu acquisition of 24.9% stake in Fidelity Life for $98.71 million
2) The $62.11m acquisition of 50% stake in Ract Insurance by The Royal Automobile Club of Tasmania(RACT)
3) Edelweiss Insurance Brokers $41.2m acquisition deal with Arthur J. Gallagher
4) The $4.2m acquisition of 1.05% stake in TNG FinTech Group by Moonscope
5) Velox Fintech $10m acquisition deal with RedBeat Ventures Sdn