The US financial services industry saw a rise of 34.7% in overall deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 132 deals worth $49.29bn were announced in March 2019, compared to the 12-month average of 98 deals.
M&A was the leading category in the month in terms of volume with 75 deals which accounted for 56.8% of all deals.
In second place was venture financing with 51 deals, followed by private equity with six transactions, respectively accounting for 38.6% and 4.6% of overall deal activity in the country’s financial services industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US financial services industry with total deals worth $47.77bn, while private equity and venture financing deals totalled $763.9m and $760m, respectively.
US financial services industry deals in March 2019: Top deals
The top five financial services industry deals accounted for 98.3% of the overall value during March 2019.
The combined value of the top five financial services industry deals stood at $48.46bn, against the overall value of $49.29bn recorded for the month. The top announced US financial services industry deal tracked by GlobalData in March 2019 was $43bn merger of Fidelity National Information Services and Worldpay.
In second place was the $4.7bn acquisition of Oaktree Capital Management by Brookfield Asset Management and in third place was Abu Dhabi Investment Authority and Thomas H. Lee Family’s $650m private equity deal with AGL Credit Management.
The $60m private equity deal with Tammac by LL Funds and The Cynosure Group’s private equity deal with Steward Partners Global Advisory for $50m 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. 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.
