Deals
Deal activity by volume related to ESG increased by 57% year-on-year in 2022 in the retail banking industry
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Analysis of the key themes driving deal activity reveals that ESG accounted for 94 retail banking deals between 2018 and 2022, worth a total value of $14,897m, 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 $1,538m equity offering by NatWest Group was the largest disclosed deal in 2021.
In volume terms, ESG-related deal activity increased by 57% year-on-year in 2022, whereas it decreased by 67% year-on-year in 2021.
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
Acquisitions accounted for the highest number of deals in the last five years, with 29 deals, followed by venture financing (18 deals) and equity offerings (16 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 Deloitte Touche Tohmatsu, Morgan Stanley, J.P. Morgan Securities, Keefe, Bruyette & Woods, and Barclays Bank.
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 Linklaters, Pillsbury Winthrop Shaw Pittman, Weil, Gotshal & Manges, Morgan, Nutter McClennen & Fish, and Simpson Thacher & Bartlett.
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.
