North America’s banking industry saw a rise of 23.5% in overall deal activity during Q4 2018, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 100 deals worth $6.52bn were announced for the region during Q4 2018, against the four-quarter average of 81 deals.
Of all the deal types, M&A saw most activity in Q4 2018 with 66, representing a 66% share for the region.
In second place was venture financing with 30 deals, followed by private equity deals with four transactions, respectively capturing a 30% and 4% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading category in North America’s banking industry with $5.98bn, while venture financing and private equity deals totalled $400.61m and $140m, respectively.
North America banking industry deals in Q4 2018: Top deals
The top five banking deals accounted for 69.3% of the overall value during Q4 2018.
The combined value of the top five banking deals stood at $4.52bn, against the overall value of $6.52bn recorded for the quarter. The top announced banking deal tracked by GlobalData in Q4 2018 was Hunter Maritime Acquisition’s $2bn acquisition of NCF Wealth.
In second place was the $881.62m merger of Ameris Bancorp and Fidelity Southern and in third place was $850.4m merger of CenterState Banks and National Commerce.
The $500m acquisition of Access National by Union Bankshares and merger of First Merchants and MBT Financial for $290.9m held fourth and fifth positions, respectively.
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.
