Financial Deals Industry Tracker: Financial Services (analysis of monthly deal activity during June along with the trend for the last six months for merger and acquisition (M&A), private equity, private placement, initial public offering (IPO), secondary

This report contains extensive qualitative and quantitative analysis of monthly deal activity (including strategic alliances) in the banking, asset management, insurance, investment banking, capital markets and brokerage, and cards sectors across global markets, with a specific focus on key emerging markets. It offers insights into deal activity, deal rationale, and valuation trends.

Report Highlights
• The financial services sector recorded 167 deals in June, a decrease of 12.1% compared with the six-month (Dec 2007–May 2008) average. The commercial banking segment witnessed decreased M&A activity, with focus on emerging markets.
• M&A activity in the asset management segment maintained momentum, driven by the need to gain scale and diversify geographic presence. The insurance segment recorded private equity interest; life and health insurance segment likely to witness further deal activity.
• Companies in the financial services sector accessed the public capital markets to raise funds for acquisition and strengthen their balance sheets. The players raised funds through private placement, primarily to strengthen their balance sheets. Valuation may come down in the financial services sector.
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