NEW YORK — July 7, 2021 — Berkery Noyes, an independent mid-market investment bank, today released its half year 2021 mergers and acquisitions trend report for the Financial Technology and Information Industry.
The report analyzes M&A activity during the first half of 2021 and compares it with the four previous six-month periods from 2019 to 2020. This market includes information and technology companies in Capital Markets, Payments, Banking, Insurance, and other related financial services.
Deal volume in first half 2021 increased 14 percent over second half 2020. Aggregate value declined 60 percent, from $51.98 billion to $20.82 billion. This followed a 47 percent rise in value from first half 2020 to second half 2020.
Nine of the industry’s top ten largest transactions year-to-date were completed by strategic acquirers. The sole private equity backed deal in the top ten list was Astorg and Bridgepoint’s acquisition of Fenergo, a provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions to financial institutions, for $1.10 billion.
The segment with the largest rise in volume in first half 2021 over second half 2020 was Capital Markets with a 58 percent gain. Notable segment deals year-to-date included Broadridge Financial Solutions’ acquisition of Itiviti, which offers electronic trading platforms and connectivity solutions, for $2.53 billion; and News Corp’s announced acquisition of Investor’s Business Daily, a financial news and research organization, for $275 million.
As for other industry sectors, transaction volume improved nine percent in the Insurance segment and seven percent in the Banking segment. Deal activity in the Payments segment declined six percent, returning to its first half 2020 level.
A copy of the FINANCIAL TECHNOLOGY AND INFORMATION INDUSTRY M&A REPORT FOR HALF YEAR 2021 is available at the Berkery Noyes website.