In the global financial services industry, there were 59 private equity deals announced in Q4 2023, worth a total value of $8.3bn, according to GlobalData’s Deals Database. The $2.7bn institutional buy-out (ibo) Global Atlantic Financial Group by KKR was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, private equity deal activity increased by 48% in Q4 2023 compared with the previous quarter’s total of $5.6bn and rose by 384% as compared to Q4 2022. Related deal volume increased by 11% in Q4 2023 versus the previous quarter and was 16% higher than in Q4 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 37% share of the global financial services industry’s private equity deal activity in Q4 2023, up 16% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q4 2023 were Morgan Stanley; Rothschild & Co; Piper Sandler Companies with 10, 8, 7 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q4 2023 were Kirkland & Ellis; Simpson Thacher & Bartlett; Latham & Watkins with 27, 13, 9 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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