Total financial services industry M&A deals worth $481.87m were announced in Asia-Pacific in January 2021, led by Shanghai Fengquanyu Enterprise Management’s $364.06m acquisition of Minsheng Securities, according to GlobalData’s deals database.

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The value marked a decrease of 87.05% over the previous month of $3.72bn and a drop of 82.9% when compared with the last 12-month average of $2.82bn.

Asia-Pacific held a 3.21% share of the global financial services industry M&A deal value that totalled $14.99bn in January 2021. With a 2.81% share and deals worth $421.54m, 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 23 deals during January 2021, marking a decrease of 57.41% over the previous month and a drop of 42.50% over the 12-month average. China recorded five deals during the month.

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Asia-Pacific financial services industry M&A deals in January 2021: Top deals

The top five financial services industry M&A deals accounted for 99% of the overall value during January 2021.

The combined value of the top five financial services deals stood at $476.83m, against the overall value of $481.87m recorded for the month.

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

1) Shanghai Fengquanyu Enterprise Management’s $364.06m acquisition of Minsheng Securities

2) The $50.52m acquisition of Beijing Xinhuo Technology by Shandong Jiangquan Industrial

3) Sundaram Finance’s $46.31m acquisition of Principal Asset Management, Principal Retirement Advisors and Principal Trustee Company

4) The $8.98m acquisition of Payments Technology Services by Tech Mahindra

5) UFIDA Financial Services (Tianjin)’s acquisition of UFIDA (Shenzhen) Commercial Factoring for $6.97m.