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Europe’s financial services industry suffers a drop

by LLB Editor
14th Nov 19 7:02 am

Europe’s financial services industry saw a drop of 0.9% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

A total of 221 deals worth $39.67bn were announced for the region during Q3 2019, against the last four-quarter average of 223 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 127, representing a 57.4% share for the region.

In second place was venture financing with 72 deals, followed by private equity deals with 22 transactions, respectively capturing a 32.6% and 10% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s financial services industry with $33.73bn, while private equity and venture financing deals totalled $5.24bn and $695.72m, respectively.

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