Deals across financial services industry total $32b

29 January 2020

Global financial services industry deals were worth $32 billion in December 2019, which represented a decrease of 23.7% over the previous month and a rise of 21.25% when compared with the last 12-month average ($26.4 billion), according to GlobalData’s deals database.

As far as the number of deals were concerned, the sector saw a drop of 2.4% over the last 12-month average with 286 deals against the average of 293 deals.

Also, the study found that Europe led the activity with deals worth $11.61 billion while the top five financial services deals accounted for 47.7% of the overall value during in December 2019 with the combined value standing at $15.27 billion.

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The top deals included the asset transaction from Resolution Life, which acquired the AMP insurance business, with Voya Financial valued $1.25 billion. The transaction was ranked fifth among the top five.

The other deals included New York Life Insurance’s $6.3 billion asset transaction with Cigna at number one, the $4.27 billion acquisition of ReAssure Group by Phoenix Group Holdings at number two.

FOINS Blockchain’s $2.1 billion acquisition of AliExchange and the $1.35 billion acquisition of PT Bank Permata by Bangkok Bank Public which were the third and fourth biggest deals, respectively.

 




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