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  1. Deals Analysis
November 30, 2021

North America’s financial services industry saw a drop of 14.57% in deal activity during October 2021

By Carmen

North America’s financial services industry saw a drop of 14.57% in deal activity during October 2021, when compared with the last 12-month average, led by T. Rowe Price Group’s $4.2bn acquisition of Oak Hill Advisors, according to GlobalData’s deals database.

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A total of 129 financial services industry deals worth $7bn were announced for the region in October 2021, against the 12-month average of 151 deals.

Of all the deal types, M&A saw most activity in October 2021 with 74 transactions, representing a 57.4% share for the region.

In second place was venture financing with 43 deals, followed by private equity deals with 12 transactions, respectively capturing a 33.3% and 9.3% 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 $4.95bn, while venture financing and private equity deals totalled $1.43bn and $618.25m, respectively.

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

The top five financial services deals accounted for 81.5% of the overall value during October 2021.

The combined value of the top five financial services deals stood at $5.7bn, against the overall value of $7bn recorded for the month.

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

1) T. Rowe Price Group $4.2bn acquisition deal with Oak Hill Advisors

2) The $750m acquisition of Fair Square Financial Holdings by Ally Financial

3) Activant Capital Group,General Atlantic,Moore Strategic Ventures,Soma Capital,Tribe Capital,Untitled Investments and Willoughby Capital Holdings $333m venture financing deal with Bolt Financial

4) The $210m private equity of Title Resources Guaranty by Centerbridge Partners

5) BlackRock,Dragoneer Investment Group,DST Global,Motive Partners,Phase 2 Partners,Point Break Capital Management,Senator Investment Group,Singapore Exchange,T Rowe Price Associates and TPG Capital $208m venture financing deal with TruMid Financial

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.

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