North America’s financial services industry saw a drop of 1.53% in deal activity during June 2021, when compared with the last 12-month average, led by Allstate’s $300m acquisition of SafeAuto Insurance, according to GlobalData’s deals database.

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A total of 129 financial services industry deals worth $2.8bn were announced for the region in June 2021, against the 12-month average of 131 deals.

Of all the deal types, M&A saw most activity in June 2021 with 76 transactions, representing a 58.9% share for the region.

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In second place was venture financing with 42 deals, followed by private equity deals with 11 transactions, respectively capturing a 32.6% and 8.5% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s financial services industry with $1.33bn, while venture financing and private equity deals totalled $1.23bn and $250m, respectively.

North America financial services industry deals in June 2021: Top deals

The top five financial services deals accounted for 42.5% of the overall value during June 2021.

The combined value of the top five financial services deals stood at $1.19bn, against the overall value of $2.8bn recorded for the month.

The top five financial services industry deals of June 2021 tracked by GlobalData were:

1) Allstate’s $300m acquisition of SafeAuto Insurance

2) The $250m venture financing deal with PayClip by SoftBank Latin America Fund and Viking Global Investors

3) 2356340 Alberta’s $225.46m acquisition of Mosaic Capital

4) The $219m acquisition of County Bancorp by Nicolet National Bank

5) Felicis Ventures, General Atlantic, Generation Investment Management, Greyhound Capital Europe and Propel Ventures’ venture financing of Guideline for $200m.