The UK insurance industry saw a rise of 50% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 33 deals worth $2.89bn were announced in Q4 2020, compared to the last four-quarter average of 22 deals.
M&A was the leading category in the quarter with 22 deals which accounted for 66.7% of all deals.
In second place was private equity with seven deals, followed by venture financing with four transactions, respectively accounting for 21.2% and 12.1% of overall deal activity in the country’s insurance industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the UK insurance industry with total deals worth $2.65bn, while private equity and venture financing deals totalled $232.32m and $14.18m, respectively.
The UK insurance industry deals in Q4 2020: Top deals
The top five insurance deals accounted for 96.2% of the overall value during Q4 2020.
The combined value of the top five insurance deals stood at $2.78bn, against the overall value of $2.89bn recorded for the month.
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 $401.89m private equity deal with Lane Clark & Peacock by Charterhouse Capital Partners
5) Tesco Personal Finance’s acquisition of Tesco Underwriting for $135.2m.
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.