Deal activity by volume related to ESG increased by 33% year-on-year in 2022 in the private banking industry

Analysis of the key themes driving deal activity reveals that ESG accounted for 33 private banking deals between 2018 and 2022, worth a total value of $4,402m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $466m equity offering by Sumitomo Mitsui Banking was the largest disclosed deal in 2022, while the $110m partnership between HSBC and Temasek was the largest disclosed deal in 2021. 

In volume terms, ESG-related deal activity increased by 33% year-on-year in 2022, whereas it decreased by 67% year-on-year in 2021. 

Acquisitions accounted for the highest number of deals in the last five years, with 8 deals, followed by equity offerings (6 deals) and partnerships (6 deals). 

The top financial advisors supporting deals related to ESG in the private banking industry in the last five years in terms of value were Credit Agricole CIB, JPMorgan Chase, and Barclays Capital. 

The top legal advisors supporting deals related to ESG in the private banking industry in the last five years in terms of value were Kirkland & Ellis, Kramer Levin Naftalis & Frankel, Abuhimed Alsheikh Alhagbani Law Firm, Clifford Chance, and Lowenstein Sandler. 

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.