Total financial services industry M&A deals in October 2019 worth $3.34bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 49.9% over the previous month and a drop of 71.2% when compared with the last 12-month average of $11.58bn.

The US held a 48.3% share of the global financial services industry M&A deal value that totalled $6.92bn in October 2019.

In terms of deal activity, the US recorded 81 deals during October 2019, marking an increase of 11% over the previous month and a rise of 5.2% over the 12-month average.

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

The top five financial services industry M&A deals accounted for 100% of the overall value during October 2019.

The combined value of the top five financial services M&A deals stood at $3.34bn, against the overall value of $3.34bn recorded for the month.

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

1) HCC Insurance(Inactive)’s $3.1bn acquisition of Privilege Underwriters

2) The $123.4m acquisition of First Advantage Bancorp and First Advantage Bank by Reliant Bancorp

3) Repay Holdings’s $60m acquisition of APS Payments

4) The $45.1m acquisition of Westminster American Insurance by NI

5) Ready Capital’s acquisition of Knight Capital Funding for $10.72m.

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.