In the global financial services industry, there were 51 private equity deals announced in Q3 2023, worth a total value of $5.5bn, according to GlobalData’s Deals Database. The $1.1bn institutional buy-out (ibo) Energy Capital Partners Management by Bridgepoint Group 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.
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In value terms, private equity deal activity decreased by 21% in Q3 2023 compared with the previous quarter’s total of $7bn and rose by 2% as compared to Q3 2022. Related deal volume decreased by 32% in Q3 2023 versus the previous quarter and was 23% lower than in Q3 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 37% share of the global financial services industry’s private equity deal activity in Q3 2023, up 32% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in Q3 2023 were Morgan Stanley; Raymond James Financial; Ardea Partners with 7, 7, 6 deals respectively.
The top-ranked legal advisors supporting these private equity deals in Q3 2023 were Kirkland & Ellis; Simpson Thacher & Bartlett; Paul, Weiss, Rifkind, Wharton & Garrison with 22, 9, 7 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 Buyouts and Direct Investments done by Private Equity firms.
