The US financial services industry saw a rise of 39.8% in overall deal activity during Q1 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 383 deals worth $86.94bn were announced in Q1 2019, compared to the last four-quarter average of 274 deals.
M&A was the leading category in the quarter with 237 deals which accounted for 61.9% of all deals.
In second place was venture financing with 126 deals, followed by private equity with 20 transactions, respectively accounting for 32.9% and 5.2% of overall deal activity in the country’s financial services industry during the quarter.
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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 $83.07bn, while private equity and venture financing deals totalled $2.07bn and $1.81bn, respectively.
US financial services industry deals in Q1 2019: Top deals
The top five financial services deals accounted for 93.6% of the overall value during Q1 2019.
The combined value of the top five financial services industry deals stood at $81.41bn, against the overall value of $86.94bn recorded for the quarter. The top announced US financial services industry deal tracked by GlobalData in Q1 2019 was $43bn merger of Fidelity National Information Services and Worldpay.
In second place was the $28.24bn merger of BB&T and SunTrust Banks and in third place was Brookfield Asset Management’s $4.7bn acquisition of Oaktree Capital Management.
The $4.27bn merger of Chemical Financial and TCF Financial and Protective Life & Annuity Insurance and Protective Life Insurance’s asset transaction with Great-West Life & Annuity Insurance for $1.2bn 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.
