North America’s financial services industry saw a rise of 3.45% in cross border deal activity during September 2021, when compared with the last 12-month average, led by Fortitude Group Holdings’ $2.2bn acquisition of Prudential Annuities Life Assurance, according to GlobalData’s deals database.

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A total of 30 financial services industry cross border deals worth $3.5bn were announced for the region in September 2021, against the 12-month average of 29 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 18 transactions, representing a 60% share for the region.

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In second place was M&A with 11 deals, followed by private equity deals with one transactions, respectively capturing a 36.7% and 3.3% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in North America’s financial services industry with $2.54bn, followed by venture financing deals totalled $907.93m.

North America financial services industry cross border deals in September 2021: Top deals

The top five financial services cross border deals accounted for 89.2% of the overall value during September 2021.

The combined value of the top five financial services cross border deals stood at $3.07bn, against the overall value of $3.5bn recorded for the month.

The top five financial services industry cross border deals of September 2021 tracked by GlobalData were:

1) Fortitude Group Holdings $2.2bn acquisition deal with Prudential Annuities Life Assurance

2) The $288.33m venture financing of Bolt Financial by Hedosophia

3) Stellantis $285m acquisition deal with F1 Holdings

4) The $200m venture financing of BitClout by Alexis Ohanian,Andreessen Horowitz,Arrington Capital,Blockchain.com Ventures,Blockchange Ventures,Coinbase Ventures,Distributed Global,Hack Ventures,Pantera Capital Management,Polychain Capital,Sequoia Capital Operations,Social Capital,TQ Ventures and Winklevoss Capital Management

5) Fort Ross Ventures,Hearst Ventures,MassMutual Ventures,Moneta Ventures,Motive Partners,Nationwide Mutual Capital,Viola FinTech and Viola Growth $100m venture financing deal with Insurify