Old and new banking pressures spur changes in sector M&A

The banking sector has seen rapid change over the last decade, and the new landscape offers opportunities for traditional banks, challenger banks, and fintech startups alike.

In the deal space, Mergermarket’s data shows around 120 financial institutions that may IPO in Europe including big names like Klarna and Revolute. Banks are also developing M&A plans for fintech service companies, and some fintechs are looking to merge and create larger platforms.

Thomas Krecek, an M&A Partner in Clifford Chance’s Frankfurt office focusing on financial services and co-head of Clifford Chance’s European Corporate M&A Practice, and Rupert Cocke, one of Mergermarket’s Europe-based senior editors, join Dealcast host Julie-Anna Needham to discuss the outlook for the banking sector, including:

• How antitrust bodies and a lack of global banking regulations in cross-border dealmaking impact the outlook for potential deals
• The role of private equity in the fintech corporate ecosystem, and how their capital is likely to help fintechs in the next stage of globalizing
• Which firms, like Advent and its purchase of Bulgarian-based tbi bank, showcase the new trends in the industry
• How entities like Unicredit offer a showcase of a new playbook to approach banking deals in Europe

All this and more in this week’s Dealcast.