The US financial services industry saw a rise of 0.8% in overall deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
Go deeper with GlobalData
- Embed this chart
Embed this chart into your website
Copy and paste the code below into your website to display the chart.
A total of 124 deals worth $1.58bn were announced in February 2019, compared to the 12-month average of 123 deals.
M&A was the leading category in the month in terms of volume with 70 deals which accounted for 56.5% of all deals.
In second place was venture financing with 44 deals, followed by private equity with ten transactions, respectively accounting for 35.5% and 8.1% of overall deal activity in the country’s financial services industry during the month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn terms of value of deals, M&A was the leading deal category in the United States financial services industry with total deals worth $1.05bn, while private equity and venture financing deals totalled $475.69m and $60.2m, respectively.
US financial services industry deals in February 2019: Top deals
The top five financial services industry deals accounted for 65% of the overall value during February 2019.
The combined value of the top five financial services industry deals stood at $1.03bn, against the overall value of $1.58bn recorded for the month. The top announced US financial services industry deal tracked by GlobalData in February 2019 was ACI Worldwide’s $750m acquisition of SpeedPay.
In second place was the $100m venture financing of Kraken Bitcoin Exchange by Blockchain Capital, Digital Currency Group and Hummingbird Ventures and in third place was $68.2m merger of Citizens First Bank and German American Bancorp.
The $58m venture financing of CoverHound by Chubb Group Holdings, Aflac Corporate Ventures, Hiscox and MS&AD Insurance Group and United Community Banks’ acquisition of First Madison Bank & Trust for $52m held fourth and fifth positions, respectively.
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.
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.
