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  1. Deals Analysis
August 24, 2022

UK financial services industry sees a drop of 39.47% in deal activity in July 2022

By Carmen

UK financial services industry saw a drop of 39.47% in overall deal activity during July 2022, when compared with the last 12-month average, led by Kingdom Holding’s $268.66m acquisition of M&G, according to GlobalData’s deals database.

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A total of 23 deals worth $539.2m were announced in July 2022, compared with the 12-month average of 38 deals.

M&A was the leading category in the month in terms of volume with ten deals, which accounted for 43.5% of all deals.

In second place was venture financing with eight deals, followed by private equity with five transactions, respectively accounting for 34.8% and 21.7% 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 $275.51m, while venture financing and private equity deals totalled $138m and $125.7m, respectively.

UK financial services industry deals in July 2022: Top deals

The top five financial services industry deals accounted for 96.6% of the overall value during July 2022.

The combined value of the top five financial services deals stood at $520.64m, against the overall value of $539.2m recorded for the month.

The top five financial services industry deals of July 2022 tracked by GlobalData were:

1) Kingdom Holding $268.66m acquisition deal with M&G

2) The $120.89m private equity of Cooper Parry by Waterland Private Equity Investments

3) Anthemis Group,Creandum,Daiichi,Eurazeo,Latitude – UK,LocalGlobe,MMC Ventures,Notion Capital,OurCrowd and Target Global $120m venture financing deal with yu life

4) The $5.69m venture financing of Konsileo by ACF Investors and Committed Capital

5) Begbies Traynor Group $5.4m acquisition deal with Axiom Consulting & Investments and Ellayaan

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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