Analysis of the key themes driving M&A activity reveals that environmental sustainability accounted for 8 financial services deals announced in Q3 2023, worth a total value of $588.5m. The $576.8m acquisition of Gresham House by Seed Bidco 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, environmental sustainability-related deal activity increased by 20% in Q3 2023 compared with the previous quarter’s total of $490.8m and rose by 140% as compared to Q3 2022. Related deal volume remained flat in Q3 2023 versus the previous quarter and was 700% higher than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Canaccord Genuity Group; Blackdown Partners; Evercore with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Willkie Farr & Gallagher; Buchanan Law; Hamilton Locke with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 â€“ Thematic Intelligence, buy the report here.