Analysis of the key themes driving private equity deal activity reveals that digitalization accounted for 7 financial services deals announced in Q2 2024, worth a total value of $801.7m. The $554.7m institutional buy-out (ibo) Shriram Housing Finance by Mango Crest Investment 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, digitalization-related deal activity decreased by 47% in Q2 2024 compared with the previous quarter’s total of $1.5bn and rose by 401% as compared to Q2 2023. Related deal volume increased by 40% in Q2 2024 versus the previous quarter and was 36% lower than in Q2 2023.
The top-ranked financial advisors supporting these private equity deals in H1 2024 were Avendus Capital; Barclays; JM Financial with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in H1 2024 were Cyril Amarchand Mangaldas; Latham & Watkins; TriLegal 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 Buyouts and Direct Investments done by Private Equity firms.
