UK financial services industry saw a drop of 2.56% in overall deal activity during February 2021, when compared with the last 12-month average, led by Ontario Municipal Employees Retirement System’s $375m acquisition of Brit, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 38 deals worth $807.82m were announced in February 2021, compared with the 12-month average of 39 deals.
M&A was the leading category in the month in terms of volume with 27 deals, which accounted for 71.05% of all deals.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn second place was venture financing with six deals, followed by private equity with five transactions, respectively accounting for 15.8% and 13.2% of overall deal activity in the UK technology industry during the month.
In terms of value of deals, M&A was the leading deal category in the UK financial services industry with total deals worth $596.14m, while private equity and venture financing deals totalled $192.83m and $18.84m respectively.
UK financial services industry deals in February 2021: Top deals
The top five financial services industry deals accounted for 97.01% of the overall value during February 2021.
The combined value of the top five financial services deals stood at $783.63m, against the overall value of $807.82m recorded for the month.
The top five financial services industry deals of February 2021 tracked by GlobalData were:
1) Ontario Municipal Employees Retirement System’s $375m acquisition of Brit
2) The $198.49m acquisition of Nucleus Financial Group by James Hay
3) BlackRock Real Assets’ $125.29m private equity deal with Legal & General Group
4) The $67.54m private equity deal with Schroder UK Public Private Trust by Rosetta Capital VI
5) JTC’s acquisition of INDOS Financial for $17.3m.
