Analysis of the key themes driving M&A activity reveals that ecommerce accounted for 12 financial services deals announced in Q2 2023, worth a total value of $3bn. The $3bn acquisition of AlphaCat Managers and Validus Reinsurance by RenaissanceRe was the industry’s largest disclosed deal. GlobalData’s Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 report offers a thorough analysis of the global B2C eCommerce market, segmentation and forecast by payment methods and region, and the current competitive landscape. Buy the report here.

In value terms, ecommerce-related deal activity increased by 4384% in Q2 2023 compared with the previous quarter’s total of $66.9m. Related deal volume decreased by 14% in Q2 2023 versus the previous quarter and was 20% higher than in Q2 2022.

The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Evercore; JPMorgan Chase & Co; Morgan Stanley with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Sidley Austin; Brown Kiely; Carey Olsen with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Business to Consumer (B2C) eCommerce Market Size, Share, Trends, and Segment Forecast to 2026 buy the report here.

This content was updated on 18 July 2023

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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.