In the North American financial services industry, there were 235 M&A deals announced in Q2 2024, worth a total value of $9.8bn, according to GlobalData’s Deals Database. The $3.8bn minority acquisition of Corebridge Financial by Nippon Life Insurance 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 in North America decreased by 82% in Q2 2024 compared with the previous quarter’s total of $53.2bn and fell by 3% as compared to Q2 2023. Related deal volume increased by 4% in Q2 2024 versus the previous quarter and was 11% lower than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in North America in H1 2024 were Piper Sandler Companies; Stifel Financial; Evercore with 7, 7, 6 deals respectively.
The top-ranked legal advisors supporting these M&A deals in North America in H1 2024 were Kirkland & Ellis; Alston & Bird; Fried, Frank, Harris, Shriver & Jacobson with 16, 12, 8 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.
