The financial services sector in Europe experienced a solid increase in cross-border deals in the second quarter of 2021, recording a 27.61% rise on the average of the previous four quarters, according to a press release by GlobalData.
GlobalData’s deals database reveals there were 119 cross-border deals in the second quarter of 2021. The average number over the previous four quarters was 93.25. The data also shows that the 119 cross-border deals amounted to a total of $8.7bn.
Mergers and acquisitions (M&A) activity recorded the highest number of cross-border deals in the second quarter of 2021, followed by venture financing and private equity (PE). More specifically, there were 55 M&A transactions, 40 in venture financing and 24 in PE.
M&A deals represented 46.2% of the total cross-border deals activity, with venture financing and PE amounting to 33.6% and 20.2%, respectively. Nevertheless, PE ranked first in terms of cross-border deals value over the same period. The press release stated that PE cross-border deals amounted to $3.45bn, with venture financing raising $2.98bn and M&A accounting for $2.3bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
The press release also revealed that the top five financial services cross-border deals of the second quarter of 2021, tracked by GlobalData, included: Partners Group’s $1.21bn private equity deal for a 49% stake in Telepass; the $985.19m acquisition of Nutmeg Saving & Investment by JPMorgan Chase; Siris Capital Group’s $951.68m private equity deal with Equiniti Group; the $942.6m acquisition deal with Aon UK by Berkshire Hathaway; and Trade Republic’s $900m investment.