In the South and Central America financial services industry, there were 26 M&A deals announced in Q3 2023, worth a total value of $600.4m, according to GlobalData’s Deals Database. The $460m acquisition of Pole Star by Victory Giant Technology (HuiZhou) 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, M&A activity in South and Central America decreased by 88% in Q3 2023 compared with the previous quarter’s total of $4.9bn and fell by 44% as compared to Q3 2022. Related deal volume decreased by 10% in Q3 2023 versus the previous quarter and was 73% higher than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in South and Central America in Q3 2023 were JPMorgan Chase & Co; UBS Group; Cavendish Financial with 2, 2, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in South and Central America Q3 2023 were Demarest e Almeida Advogados; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Arias Law with 3, 3, 2 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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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.