In the German financial services industry, there were 9 M&A deals announced in Q3 2023, worth a total value of $505m, according to GlobalData’s Deals Database. The $450m merger of Heramba and Project Energy Reimagined Acquisition and Gayen & Berns Homann was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.

In value terms, M&A activity in Germany decreased by 48% in Q3 2023 compared with the previous quarter’s total of $979.4m and fell by 20% as compared to Q3 2022. Related deal volume decreased by 25% in Q3 2023 versus the previous quarter and was 47% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Germany in Q3 2023 were Cohen; First National of Nebraska; JPMorgan Chase & Co with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Germany Q3 2023 were Hengeler Mueller Partnerschaft von Rechtsanwalten mbB; Allen & Overy; CMS Legal Services EEIG with 3, 2, 2 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.