In the North American financial services industry, there were 19 private equity deals announced in Q2 2024, worth a total value of $11.5bn, according to GlobalData’s Deals Database. The $6.3bn Institutional Buy-out (IBO) Nuvei by Advent International 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 in North America decreased by 37% in Q2 2024 compared with the previous quarter’s total of $18.3bn and rose by 175% as compared to Q2 2023. Related deal volume decreased by 53% in Q2 2024 versus the previous quarter and was 49% lower than in Q2 2023.
The top-ranked financial advisors supporting these private equity deals in North America in H1 2024 were Ardea Partners; Goldman Sachs Group; Jefferies Financial Group with 6, 4, 4 deals respectively.
The top-ranked legal advisors supporting these private equity deals in North America in H1 2024 were Kirkland & Ellis; Debevoise & Plimpton; Paul, Weiss, Rifkind, Wharton & Garrison with 15, 6, 5 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 Buyouts and Direct Investments done by Private Equity firms.
