In the global financial services industry, there were 525 M&A deals announced in Q2 2024, worth a total value of $36.3bn, according to GlobalData’s Deals Database. The $4.8bn acquisition of Topdanmark by Sampo was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2024 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
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In value terms, M&A activity decreased by 43% in Q2 2024 compared with the previous quarter’s total of $63.5bn and rose by 26% as compared to Q2 2023. Related deal volume increased by 3% in Q2 2024 versus the previous quarter and was 15% lower than in Q2 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 22% share of the global financial services industry’s M&A activity in Q2 2024, up 10% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Evercore; JPMorgan Chase & Co; Rothschild & Co with 10, 8, 8 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Kirkland & Ellis; Alston & Bird; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates with 19, 12, 9 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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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.
