Deal activity by volume related to metaverse increased by 11% year-on-year in 2022 in the private banking industry

Analysis of the key themes driving deal activity reveals that metaverse accounted for 2,709 private banking deals between 2018 and 2022, worth a total value of $542,449m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $58,519m merger of HDFC with HDFC Bank was the largest disclosed deal in 2022, while the $16,300m acquisition of Bank of the West by Bank of Montreal was the largest disclosed deal in 2021.

In volume terms, metaverse related deal activity increased by 11% year-on-year in 2022 and by 37% year-on-year in 2021.

Acquisitions accounted for the highest number of deals in the last five years, with 1,316 deals, followed by equity offerings (421 deals) and venture financing (256 deals).

The top financial advisors supporting deals related to metaverse in the private banking industry in the last five years in terms of value were JPMorgan Chase, Citigroup, BofA Securities, BNP Paribas, and Nomura.

The top legal advisors supporting deals related to metaverse in the private banking industry in the last five years in terms of value were AZB & Partners, Cravath, Swaine & Moore, Sullivan & Cromwell, Simpson Thacher & Bartlett, and Argus Partners.

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.