Analysis of the key themes driving M&A activity reveals that energy transition accounted for 7 financial services deals announced in Q2 2024, worth a total value of $1.5bn. The $1.2bn acquisition of Societe Generale Equipment Finance by Groupe BPCE 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, energy transition-related deal activity increased by 1900% in Q2 2024 compared with the previous quarter’s total of $75m and rose by 217% as compared to Q2 2023. Related deal volume increased by 17% in Q2 2024 versus the previous quarter.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were Ashurst; Cooley; Jones Day with 2, 1, 1 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.
