Deals across financial services industry total $32b
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.
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.
AUTHOR
Oksana Patron
Recommended for you
More than 25 winners have been announced at the second annual Australian Wealth Management Awards.
A former financial adviser has been extradited from New Zealand after being alleged to have misappropriated $4.1 million from 13 clients.
Adviser numbers have continued the winning streak for the 2025–26 financial year with the seventh consecutive week in the green, buoyed by a steady flow of new entrants.
Netwealth chief executive Matt Heine has explained the platform is focused on accelerating its share of the affluent advice market as its NPAT reaches $116 million.
