US financial services industry saw a drop of 25.53% in overall deal activity during February 2022, when compared with the last 12-month average, led by Madison Dearborn Capital Partners’ $2.66bn private equity deal with Moneygram International, according to GlobalData’s deals database.

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A total of 105 deals worth $4bn were announced in February 2022, compared with the 12-month average of 141 deals.

M&A was the leading category in the month in terms of volume with 58 deals, which accounted for 55.2% of all deals.

In second place was venture financing with 36 deals, followed by private equity with 11 transactions, respectively accounting for 34.3% and 10.5% of overall deal activity in the US technology industry during the month.

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In terms of value of deals, private equity was the leading deal category in the US financial services industry with total deals worth $3.07bn, while venture financing and M&A deals totalled $743.55m and $192.54m, respectively.

US financial services industry deals in February 2022: Top deals

The top five financial services industry deals accounted for 88% of the overall value during February 2022.

The combined value of the top five financial services deals stood at $3.52bn, against the overall value of $4bn recorded for the month.

The top five financial services industry deals of February 2022 tracked by GlobalData were:

1) Madison Dearborn Capital Partners $2.66bn private equity deal with Moneygram International

2) The $290m private equity of Merchant e-Solutions by Integrum Holdings

3) Alta Park Capital,Avenir Growth Capital,B Capital Group,Glynn Capital Management,Green Visor Capital ManagementLLC,Lux Capital,Salesforce Ventures,Tiger Global Management and Whale Rock Capital Management $250m venture financing deal with Flutterwave

4) The $185m acquisition of Safe Harbor Financial by Northern Lights Acquisition

5) Mubadala Capital,Third Point Ventures and Vista Credit Partners $140m venture financing deal with Pollen