Europe’s financial services industry sees a drop of 0.9% in deal activity in Q3 2019

The top five financial services deals accounted for 89.8% of the overall value during Q3 2019....

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:

  1. London Stock Exchange Group’s $27bn acquisition of Refinitiv
  2. The $3.6bn private equity deal with PK AirFinance by Apollo Global Management and Athene Holding
  3. Mastercard’s $3.18bn asset transaction with Nets
  4. The $1.17bn acquisition of equensWorldline by Worldline
  5. KKR’s private equity deal with Heidelpay for $666.27m.

For more information visit: www.globaldata.com

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