US financial services industry saw a rise of 13.67% in overall deal activity during January 2022, when compared with the last 12-month average, led by Paradigm (US) and Sequoia Capital Operations’ $1.15bn private equity deal with Citadel Securities, according to GlobalData’s deals database.

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A total of 158 deals worth $5.4bn were announced in January 2022, compared with the 12-month average of 139 deals.

M&A was the leading category in the month in terms of volume with 115 deals, which accounted for 72.8% of all deals.

In second place was venture financing with 24 deals, followed by private equity with 19 transactions, respectively accounting for 15.2% and 12.03% of overall deal activity in the US technology industry during the month.

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In terms of value of deals, venture financing was the leading deal category in the US financial services industry with total deals worth $2.41bn, while private equity and M&A deals totalled $1.55bn and $1.45bn respectively.

US financial services industry deals in January 2022: Top deals

The top five financial services industry deals accounted for 48.03% of the overall value during January 2022.

The combined value of the top five financial services deals stood at $2.6bn, against the overall value of $5.4bn recorded for the month.

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

1) Paradigm (US) and Sequoia Capital Operations $1.15bn private equity deal with Citadel Securities

2) The $539.72m acquisition of BGL Insurance by Markerstudy Insurance Services

3) Activant Capital Group,BlackRock,CE Innovation Capital,H.I.G. Growth Partners,Invus Opportunities,Moore Strategic Ventures and Schonfeld Strategic Advisors $355m venture financing deal with Bolt Financial

4) The $303.18m acquisition of Sezzle by Zip

5) Brookfield Asset Management Reinsurance Partners $253m private equity deal with American Equity Investment Life Holding