Analysis of the key themes driving M&A activity reveals that artificial intelligence accounted for 14 financial services deals announced in Q2 2024, worth a total value of $799.9m. The $785m acquisition of Institutional Cash Distributors by Tradeweb Markets 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, artificial intelligence-related deal activity increased by 75% in Q2 2024 compared with the previous quarter’s total of $456.5m and rose by 65462% as compared to Q2 2023. Related deal volume increased by 27% in Q2 2024 versus the previous quarter and was 133% higher than in Q2 2023.
The top-ranked financial advisors supporting these M&A deals in H1 2024 were Eight Capital Partners; JPMorgan Chase & Co; KPMG International Coop with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in H1 2024 were CorvinoLaw; Fried, Frank, Harris, Shriver & Jacobson; Ice Miller with 1, 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.
