In the Singaporean financial services industry, there were 13 M&A deals announced in Q3 2023, worth a total value of $787.1m, according to GlobalData’s Deals Database. The $661m minority acquisition of Singapore Life Holdings by Sumitomo Life Insurance 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 Singapore increased by 1739% in Q3 2023 compared with the previous quarter’s total of $42.8m. Related deal volume increased by 8% in Q3 2023 versus the previous quarter and was 117% higher than in Q3 2022.
The top-ranked legal advisorss supporting these M&A deals in Singapore Q3 2023 were Baker & McKenzie; CMS Legal Services EEIG; Kirkland & Ellis 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.