North America’s financial services industry saw a rise of 14.8% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 443 deals worth $46.14bn were announced for the region during Q4 2020, against the last four-quarter average of 386 deals.
Of all the deal types, M&A saw most activity in Q4 2020 with 325, representing a 73.4% share for the region.
In second place was venture financing with 76 deals, followed by private equity deals with 42 transactions, respectively capturing a 17.2% and 9.5% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s financial services industry with $39.57bn, while private equity and venture financing deals totalled $4.94bn and $1.63bn, respectively.
North America financial services industry deals in Q4 2020: Top deals
The top five financial services deals accounted for 64.2% of the overall value during Q4 2020.
The combined value of the top five financial services deals stood at $29.64bn, against the overall value of $46.14bn recorded for the quarter.
The top five financial services industry deals of Q4 2020 tracked by GlobalData were:
1) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
2) The $7bn acquisition of Eaton Vance by Morgan Stanley
3) The $6bn merger of TCF Financial and Huntington Bancshares
4) The $3.94bn acquisition of MetLife Auto & Home Insurance Agency by Farmers Exchanges and Farmers Group
5) The merger of Clover Health and Social Capital Hedosophia HoldingsIII for $3.7bn.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
Visit our ‘Technology Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the technology industry.