Total financial services industry M&A deals in August 2019 worth $1.08bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 68.9% over the previous month and a drop of 90.8% when compared with the last 12-month average of $11.8bn.

The US held a 3% share of the global financial services industry M&A deal value that totalled $36.68bn in August 2019.

In terms of deal activity, the US recorded 69 deals during August 2019, marking a decrease of 11.5% over the previous month and a drop of 6.8% over the 12-month average.

The US financial services industry M&A deals in August 2019: Top deals

The top five financial services industry M&A deals accounted for 69.2% of the overall value during August 2019.

The combined value of the top five financial services M&A deals stood at $749.1m, against the overall value of $1.08bn recorded for the month.

The top five financial services industry deals of August 2019 tracked by GlobalData were:

1) First Midwest Bancorp’s $195m acquisition of Bankmanagers and Park Bank

2) The $160m acquisition of BlueMountain Capital Management by Assured Guaranty US Holdings

3) MarketAxess Holdings’ $150m acquisition of LiquidityEdge

4) The $141.9m acquisition of Alcentra Capital by Crescent Capital BDC

5) OceanFirst Financial’s acquisition of Country Bank Holding for $102.2m.

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.