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  1. Deals Analysis
March 14, 2019updated 15 Mar 2019 4:48am

Financial services industry M&A deals in February 2019 total $1.05bn in United States

Total US financial services industry M&A deals in February 2019 worth $1.05bn were announced, according to GlobalData’s deals database.

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The value marked a decrease of 84.6% over the previous month and a drop of 86.5% when compared with the last 12-month average of $7.76bn.

The United States held a 16.2% share of the global financial services industry M&A deal value that totalled $6.47bn in February 2019.

In terms of deal activity, the United States recorded 70 deals during February 2019, marking a decrease of 41.2% over the previous month and a drop of 23.9% over the 12-month average.

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

The top five financial services industry M&A deals accounted for 92.3% of the overall value during February 2019.

The combined value of the top five financial services industry M&A deals stood at $966.2m, against the overall value of $1.05bn recorded for the month. The top announced financial services industry M&A deal tracked by GlobalData in February 2019 was ACI Worldwide’s $750m acquisition of SpeedPay.

In second place was the $68.2m merger of Citizens First Bank and German American Bancorp and in third place was United Community Banks’ $52m acquisition of First Madison Bank & Trust.

The $50m acquisition of ClaimCor, Maison Insurance and Maison Managers by Federated National Holding and Wintrust Financial’s acquisition of Rush-Oak for $46m 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.

 

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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