North America’s financial services industry saw a rise of 8.51% in 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 153 financial services industry deals worth $6.4bn were announced for the region in September 2021, against the 12-month average of 141 deals.

Of all the deal types, M&A saw most activity in September 2021 with 93 transactions, representing a 60.8% share for the region.

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In second place was venture financing with 51 deals, followed by private equity deals with nine transactions, respectively capturing a 33.3% and 5.9% 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 $4.27bn, while venture financing and private equity deals totalled $2.08bn and $75m, respectively.

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

The top five financial services deals accounted for 68.7% of the overall value during September 2021.

The combined value of the top five financial services deals stood at $4.42bn, against the overall value of $6.4bn recorded for the month.

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

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

2) The $919m acquisition of Happy Bancshares by Home BancShares

3) Berkshire Partners,BlackRock,Declaration Partners,Eldridge Industries,Gallatin Point Capital,HarbourVest Partners,Lone Pine Capital,Marshall Wace,The Rise Fund and Warburg Pincus $510m venture financing deal with Varo Money

4) The $500m acquisition of MineralTree by Global Payments

5) Hedosophia $288.33m venture financing deal with Bolt Financial