Analysis of the key themes driving M&A activity reveals that cryptocurrencies accounted for 9 financial services deals announced in Q3 2023, worth a total value of $32.9m. The $26.2m acquisition of New Huo Solutions by Avenir Cayman was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, cryptocurrencies-related deal activity decreased by 34% in Q3 2023 compared with the previous quarter’s total of $50m and rose by 84% as compared to Q3 2022. Related deal volume decreased by 10% in Q3 2023 versus the previous quarter and was 31% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Eight Capital; Haywood Securities; Origin Capital Group with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Cassels Brock & Blackwell; Goodmans; Halpern & Co with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.
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