Insight

U.S. financial services M&A activity

Q2 2020 Update

Timothy Johnson

Timothy Johnson

Financial Services Industry Leader, Deal Advisory, KPMG US

+1 312-665-1048

We are pleased to present our quarterly U.S. Financial Services M&A activity report for Q2 2020. Our report summarizes the latest trends across the financial services M&A landscape, and provides detailed by-sector analysis of M&A metrics such as valuations, deal volume, and individually significant deals impacting the financial services industry. 

Deal activity overview – deal count and size

  • 2015
    • Fintech–Intercontinental Exchange acquired Interactive Data for $5.3 billion
    • InsuranceUnderwriter–ACE Ltd. acquired Chubb Corp. for $28.3 billion
    • Specialty Fin.–Wells Fargo acquired GE Capital’s businesses and assets for $32.0 billion
  • 2018
    • Fintech–Blackstone acquired interest in Thomson Reuters’ financial and risk business for $17.3 billion
  • 2019
    • Bank & thrift–BB&T Corp. acquired SunTrust Banks for $28.3 billion
    • Fintech–Fidelity National Information Service acquired Worldpay for $35.4 billion
  • 1Q20
    • Securities & investment–E*TRADE Financial Corporation acquired by Morgan Stanley for $13.1 billion
  • 2Q20
    • Fintech–Galileo Financial Technologies, Inc. acquired by Social Finance, Inc. for $1.2 billion

Source: SNL financial; accessed in July 2020


Deals announced by volume

Source: SNL financial; accessed in July 2020

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