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  1. Deals Analysis
February 2, 2021

Financial services industry M&A deals in Q4 2020 total $38.5bn in US

Total financial services industry M&A deals in Q4 2020 worth $38.5bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 178.7% over the previous quarter and a rise of 80.3% when compared with the last four-quarter average of $21.35bn.

The US held a 51.6% share of the global financial services industry M&A deal value that totalled $74.57bn in Q4 2020.

In terms of deal activity, the US recorded 288 deals during Q4 2020, marking a rise of 22.6% over the previous quarter and a rise of 31.5% over the last four-quarter average.

The US financial services industry M&A deals in Q4 2020: Top deals

The top five financial services industry M&A deals accounted for 77% of the overall value during Q4 2020.

The combined value of the top five financial services M&A deals stood at $29.64bn, against the overall value of $38.5bn recorded for the quarter.

The top five financial services industry deals of Q4 2020 tracked by GlobalData were:

1) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group

2) The $7bn acquisition of Eaton Vance by Morgan Stanley

3) The $6bn merger of TCF Financial and Huntington Bancshares

4) The $3.94bn acquisition of MetLife Auto & Home Insurance Agency by Farmers Exchanges and Farmers Group

5) The merger of Clover Health and Social Capital Hedosophia HoldingsIII for $3.7bn.

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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