US financial services industry saw a drop of 64.66% in overall deal activity during July 2022, when compared with the last 12-month average, led by Kennedy Lewis Investment Management’s $175m private equity deal with Sanctuary Wealth Management, according to GlobalData’s deals database.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

  • 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 47 deals worth $380.1m were announced in July 2022, compared with the 12-month average of 133 deals.

M&A was the leading category in the month in terms of volume with 30 deals, which accounted for 63.8% of all deals.

In second place was venture financing with 14 deals, followed by private equity with three transactions, respectively accounting for 29.8% and 6.4% of overall deal activity in the US technology industry during the month.

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 terms of value of deals, private equity was the leading deal category in the US financial services industry with total deals worth $175m, while venture financing and M&A deals totalled $113.1m and $92m, respectively.

US financial services industry deals in July 2022: Top deals

The top five financial services industry deals accounted for 91.3% of the overall value during July 2022.

The combined value of the top five financial services deals stood at $347m, against the overall value of $380.1m recorded for the month.

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

1) Kennedy Lewis Investment Management $175m private equity deal with Sanctuary Wealth Management

2) The $92m acquisition of 35% stake in Avenue Holding Cayman by Itau Unibanco Holding

3) Morgan Health $30m venture financing deal with Centivo

4) The $25m venture financing of X1 Card by Abstract Ventures, Chainsmokers, Craft Ventures, FPV Ventures, Global Founders Capital, Harrison Metal Capital, Spark Capital and SV Angel

5) Altonomy, Anthony Sassano, Balaji Srinivasan, Coinbase Ventures, Dragonfly Capital Partners, Electric Capital, Evernew Capital, Fabric Ventures, GSR Capital Group, Jason Choi, Jump Crypto, Kraken Ventures, Kronos Research, Ledger Prime, Meltem Demirors, Space Whale Capital and Wintermute $25m venture financing deal with Hashflow