In the Australian financial services industry, there were 21 M&A deals announced in Q3 2023, worth a total value of $91.3m, according to GlobalData’s Deals Database. The $33.3m acquisition of IRESS by SS&C Technologies was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.

In value terms, M&A activity in Australia decreased by 52% in Q3 2023 compared with the previous quarter’s total of $189.9m and fell by 95% as compared to Q3 2022. Related deal volume increased by 31% in Q3 2023 versus the previous quarter and was 9% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Australia in Q3 2023 were ARC Group; Benchmark Investments; Highbury Partnership with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in Australia Q3 2023 were Baker & McKenzie; Biztech Lawyers; Dentons UK and Middle East with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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