Analysis of the key themes driving private equity deal activity reveals that environmental sustainability accounted for 2 financial services deals announced in Q2 2023, worth a total value of $750m. The $500m investment by Manulife Investment Management in CleanCapital was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 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, environmental sustainability-related deal activity increased by 18650% in Q2 2023 compared with the previous quarter’s total of $4m. Related deal volume increased by 100% in Q2 2023 versus the previous quarter.

The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Allen & Overy; Baker & McKenzie; Kirkland & Ellis with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.