Europe’s insurance industry saw a rise of 42.2% in overall deal activity during Q4 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 64 deals worth $3.7bn were announced for the region during Q4 2020, against the last four-quarter average of 45 deals.

Of all the deal types, M&A saw most activity in Q4 2020 with 42, representing a 65.6% share for the region.

In second place was venture financing with 14 deals, followed by private equity deals with eight transactions, respectively capturing a 21.9% and 12.5% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in Europe’s insurance industry with $2.65bn, while M&A and venture financing deals totalled $909.19m and $145.01m, respectively.

Europe insurance industry deals in Q4 2020: Top deals

The top five insurance deals accounted for 84.3% of the overall value during Q4 2020.

The combined value of the top five insurance deals stood at $3.12bn, against the overall value of $3.7bn recorded for the quarter.

The top five insurance industry deals of Q4 2020 tracked by GlobalData were:

1) Caisse de depot et placement du Quebec, Enstar Group, Inigo – Management Team, J.C. FlowersLLC, Oak Hill Advisors, Qatar Investment Authority and Stone Point Capital’s $800m private equity deal with Inigo

2) The $750m private equity deal with RiverStone Europe by CVC Strategic Opportunities II

3) Bain Capital’s $694.58m private equity deal with LV=

4) The $474.2m acquisition of Aviva Vita by Unione di Banche Italiane

5) Charterhouse Capital Partners’ private equity deal with Lane Clark & Peacock for $401.89m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Visit our ‘Insurance Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the insurance industry.