Analysis of the key themes driving M&A activity reveals that blockchain accounted for 12 financial services deals announced in Q3 2023, worth a total value of $207.9m. The $175m merger of Cardea Corporate and Global Blockchain Acquisition and New Huo Solutions 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, blockchain-related deal activity increased by 316% in Q3 2023 compared with the previous quarter’s total of $50m and rose by 87% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter and was 25% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Front Financial; Haywood Securities; INFOR Financial with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Baker Bros Advisors; Cassels Brock & Blackwell; Ellenoff Grossman & Schole with 1, 1, 1 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.