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. 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:
- 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
- The $750m private equity deal with RiverStone Europe by CVC Strategic Opportunities II
- Bain Capital’s $694.58m private equity deal with LV=
- The $474.2m acquisition of Aviva Vita by Unione di Banche Italiane
- Charterhouse Capital Partners’ private equity deal with Lane Clark & Peacock for $401.89m.