2024-11-17-Kroll-金融机构集团并购行业洞察——2024年秋季（英）_20页_2mb

报告摘要

Executive Summary of Financial Institutions M&A Insights (Autumn 2024)

North America recorded the highest number of financial institution transactions in the last 12 months (LTM), with over 1,400 deals, primarily in the US.
Global financial institutions market is expected to grow from USD 25.5 trillion (2022) to USD 58.7 trillion by 2031, with a CAGR of 9.7%. This growth is driven by digitization, AI integration, and increased demand for alternate investments.
US financial firms underperformed the S&P 500 due to federal rate cuts optimism, while European firms outperformed the STOXX Europe 600.
APAC region showed the highest price-to-book (P/B) multiples (averaging 2.9x), followed by Europe (2.3x) and North America (1.3x); deal value increased 24% year-to-date.
M&A remains a key strategy for growth amid economic challenges, focusing on consolidation, digital transformation, and partnerships in banking, fintech, and asset management.
Economic outlook: Central banks are expected to lower interest rates further, potentially boosting deal activity starting in Q4 2024.
Notable trends include increased integration of AI, expansion through megamergers, and strategic shifts in the financial ecosystem.
Key Subsector Insights:
- Banking: Consolidation to manage regulatory costs and access new markets.
- Insurance: Emphasis on digital acceleration and partnerships.
- Fintech: Ongoing consolidation and tech innovation.
- Financial Services: Strong focus on alternatives and partnerships to grow assets under management.
Overall Outlook: Optimistic for improved sentiment and deal volume as macroeconomic pressures ease.