Europe’s financial services industry saw a drop of 0.9% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 221 deals worth $39.67bn were announced for the region during Q3 2019, against the last four-quarter average of 223 deals.
Of all the deal types, M&A saw most activity in Q3 2019 with 127, representing a 57.4% share for the region.
In second place was venture financing with 72 deals, followed by private equity deals with 22 transactions, respectively capturing a 32.6% and 10% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $33.73bn, while private equity and venture financing deals totalled $5.24bn and $695.72m, respectively.
The top five financial services deals accounted for 89.8% of the overall value during Q3 2019. The combined value of the top five financial services deals stood at $35.62bn, against the overall value of $39.67bn recorded for the quarter.
The top five financial services industry deals of Q3 2019 tracked by GlobalData were:
- London Stock Exchange Group’s $27bn acquisition of Refinitiv
- The $3.6bn private equity deal with PK AirFinance by Apollo Global Management and Athene Holding
- Mastercard’s $3.18bn asset transaction with Nets
- The $1.17bn acquisition of equensWorldline by Worldline
- KKR’s private equity deal with Heidelpay for $666.27m.
For more information visit: www.globaldata.com