Analysis of the key themes driving private equity deal activity reveals that robo-advice accounted for 4 financial services deals announced in Q3 2023, worth a total value of $22.2m. The $18.1m institutional buy-out (ibo) Stockspot by Mirae Asset Global Investments was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, robo-advice-related deal activity remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. Related deal volume increased by 100% in Q3 2023 versus the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Ardea Partners; Houlihan Lokey; JPMorgan Chase & Co with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Alston & Bird; Kirkland & Ellis; Latham & Watkins with 2, 2, 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.