The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according to S and P Global Market Intelligence report.
April 07, 2021 | Wendy Weng- Mainland China and Hong Kong remained top destinations for financial services M&A deals in the Asia Pacific region, followed by India and Australia
- More foreign firms participated in M&A deals in China due to the opening up of its financial sector
- Growing fintech demand is a key driver of financial services M&A activity
Merger and acquisition activity in Asia Pacific (APAC) has been active, fuelled by the growth prospects and promising returns. Despite the COVID-19 pandemic, APAC saw a considerable growth in the number of M&A deals in the financial services industry. It is recovering faster from the pandemic compared to other regions and will remain a hot market for financial services M&As.
M&A deals in financial services industry accelerated in APAC
Overall, the M&A market saw some rebound in activity in the second half of 2020. In APAC, the financial services industry’s M&A tripled to 255 deals in 2020, from 76 in 2019, according to S&P Global Market Intelligence data. This includes four sectors, namely, banks, nonbanking financial institutions (NBFIs), specialty finance, and insurance. In the NBFI sector, the number of deals increased from 41 a year earlier to 145, accounting for 57% of total deals. In the banking sector, the number of deals was up from 5 to 21.
Mainland China and Hong Kong accounted for 38% of the total deal count and remained the top destinations of M&A deals. India and Australia are the next favourite M&A targets. The number of announced deals in mainland China and Hong Kong went up by 148% in 2020, while some other markets such as India, Australia and Japan experienced more significant growth. Among the buyers in financial services M&A deals in the region, 90.5% were based in APAC.
Chinaâ€...
Categories: Keywords:Mergers And Acquisitions, Fintech, Investments, Technology
The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according to S and P Global Market Intelligence report.
April 07, 2021 | Wendy Weng- Mainland China and Hong Kong remained top destinations for financial services M&A deals in the Asia Pacific region, followed by India and Australia
- More foreign firms participated in M&A deals in China due to the opening up of its financial sector
- Growing fintech demand is a key driver of financial services M&A activity
Merger and acquisition activity in Asia Pacific (APAC) has been active, fuelled by the growth prospects and promising returns. Despite the COVID-19 pandemic, APAC saw a considerable growth in the number of M&A deals in the financial services industry. It is recovering faster from the pandemic compared to other regions and will remain a hot market for financial services M&As.
M&A deals in financial services industry accelerated in APAC
Overall, the M&A market saw some rebound in activity in the second half of 2020. In APAC, the financial services industry’s M&A tripled to 255 deals in 2020, from 76 in 2019, according to S&P Global Market Intelligence data. This includes four sectors, namely, banks, nonbanking financial institutions (NBFIs), specialty finance, and insurance. In the NBFI sector, the number of deals increased from 41 a year earlier to 145, accounting for 57% of total deals. In the banking sector, the number of deals was up from 5 to 21.
Mainland China and Hong Kong accounted for 38% of the total deal count and remained the top destinations of M&A deals. India and Australia are the next favourite M&A targets. The number of announced deals in mainland China and Hong Kong went up by 148% in 2020, while some other markets such as India, Australia and Japan experienced more significant growth. Among the buyers in financial services M&A deals in the region, 90.5% were based in APAC.
Chinaâ€...
Categories: Keywords:Mergers And Acquisitions, Fintech, Investments, Technology