US financial services industry saw a drop of 26.53% in overall deal activity during November 2022, when compared with the last 12-month average, led by Fifth Services’ $220m asset transaction with Fifth Season Financial, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the image source into your website to display the chart.


A total of 108 deals worth $813.4m were announced in November 2022, compared with the 12-month average of 147 deals.

M&A was the leading category in the month in terms of volume with 85 deals, which accounted for 78.7% of all deals.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData

In second place was venture financing with 19 deals, followed by private equity with four transactions, respectively accounting for 17.6% and 3.7% of overall deal activity in the US technology industry during the month.

In terms of value of deals, M&A was the leading deal category in the US financial services industry with total deals worth $568.5m, while venture financing and private equity deals totalled $178.7m and $66.2m respectively.

US financial services industry deals in November 2022: Top deals

The top five financial services industry deals accounted for 78.8% of the overall value during November 2022.

The combined value of the top five financial services deals stood at $641m, against the overall value of $813.4m recorded for the month.

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

1) Fifth Services’s $220m asset transaction deal with Fifth Season Financial

2) The $200m acquisition of Apex Crypto by Bakkt Holdings

3) LPL Financial Holdings’s $140m acquisition deal with Financial Resources Group Investment Services

4) The $55m private equity of Tryllian Bank by A List Group Holdings and Tryllian Capital

5) Aquiline Technology Growth’s $26m venture financing deal with Commercialinsurance.NET