Deals
Deal activity by volume related to artificial intelligence increased by 9% year-on-year in 2022 in the retail banking industry
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Analysis of the key themes driving deal activity reveals that artificial intelligence accounted for 232 retail banking deals between 2018 and 2022, worth a total value of $6,063m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $1,225m acquisition of Willow Tree by TELUS International was the largest disclosed deal in 2022, while the $240m equity offering by Upstart was the largest disclosed deal in 2021.
In volume terms, artificial intelligence related deal activity increased by 9% year-on-year in 2022 and by 16% year-on-year in 2021.
Deal activity related to artificial intelligence in the global retail banking industry in the last five years
Top deals related to artificial intelligence in the retail banking industry in the last five years
Deal volume by deal type for artificial intelligence related deals in the retail banking industry in the last five years
Venture financing accounted for the highest number of deals in the last five years, with 161 deals, followed by acquisition (27 deals), and equity offering (18 deals).
Top financial advisors for artificial intelligence related deals by value in the retail banking industry in the last five years
The top financial advisors supporting deals related to artificial intelligence in the retail banking industry in the last five years in terms of value were Barclays, Rothschild, BofA Securities, Goldman Sachs, and JMP Securities.
Top legal advisors for artificial intelligence related deals by value in the retail banking industry in the last five years
The top legal advisors supporting deals related to artificial intelligence in the retail banking industry in the last five years in terms of value were Kirkland & Ellis, Shearman & Sterling, Wilson Sonsini Goodrich & Rosati Professional, Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, and Sullivan & Cromwell.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
