Deals
Deal activity by volume related to ESG increased by 78% year-on-year in 2023 in the retail banking industry
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Analysis of the key themes driving deal activity reveals that ESG accounted for 91 retail banking deals between 2019 and 2023, worth a total value of $11,340m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $1bn acquisition of 25% stake by Italian and foreign institutional investors in Banca Monte dei Paschi di Siena was the largest disclosed deal in 2023, while the $464m acquisition of an additional 15% stake in Rizal Commercial Banking by Sumitomo Mitsui Banking was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 78% year-on-year in 2023 and by 100% year-on-year in 2022.
Deal activity related to ESG in the global retail banking industry in the last five years
Top deals related to ESG in the retail banking industry in the last five years
Deal volume by deal type for ESG 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 25 deals, followed by Acquisition (22 deals), and Equity offerings (13 deals).
Top financial advisors for ESG related deals by value in the retail banking industry in the last five years
The top financial advisors supporting deals related to ESG in the retail banking industry in the last five years in terms of value were J.P. Morgan Securities, Keefe, Bruyette & Woods, Barclays Bank, Citigroup Global Markets Holdings, and Goldman Sachs International.
Top legal advisors for ESG related deals by value in the retail banking industry in the last five years
The top legal advisors supporting deals related to ESG in the retail banking industry in the last five years in terms of value were Nutter McClennen & Fish, Simpson Thacher & Bartlett, Freshfields Bruckhaus Deringer, Gitti and Partners, and Legance-Avvocati Associati.
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.
