US financial services industry saw a drop of 35.51% in overall deal activity during June 2022, when compared with the last 12-month average, led by JAB HoldingLLC’s $1.4bn acquisition of Crum & Forster Pet Insurance Group and Pethealth, 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 89 deals worth $2.6bn were announced in June 2022, compared with the 12-month average of 138 deals.

M&A was the leading category in the month in terms of volume with 54 deals, which accounted for 60.7% 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
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In second place was venture financing with 26 deals, followed by private equity with nine transactions, respectively accounting for 29.2% and 10.1% 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 $1.77bn, while venture financing and private equity deals totalled $733.75m and $120m respectively.

US financial services industry deals in June 2022: Top deals

The top five financial services industry deals accounted for 76% of the overall value during June 2022.

The combined value of the top five financial services deals stood at $2bn, against the overall value of $2.6bn recorded for the month.

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

1) JAB HoldingLLC $1.4bn acquisition deal with Crum & Forster Pet Insurance Group and Pethealth

2) The $181.1m acquisition of GrandSouth Bancorporation by First Bancorp.

3) Adams Street Partners,B Capital Group,GIC,Thoma Bravo,Tiger Global Management and Wellington ManagementLLP $150m venture financing deal with FalconX

4) The $147m venture financing of Branch Financial by Acrew Capital,American Family Ventures,Anthemis Group,Gaingels,Greycroft Partners,HSCM Ventures,Narya Capital Management,SignalFire Management Services,Tower IV and Weatherford Capital

5) FNB $117m acquisition deal with UB Bancorp and Union Bank