Europe’s payments industry saw a rise of 32.3% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 41 deals worth $5.93bn were announced for the region during Q3 2019, against the last four-quarter average of 31 deals.
Of all the deal types, venture financing saw most activity in Q3 2019 with 26, representing a 63.4% share for the region.
In second place was M&A with 11 deals, followed by private equity deals with four transactions, respectively capturing a 26.8% and 9.8% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Europe’s payments industry with $4.36bn, while private equity and venture financing deals totalled $1.18bn and $390.9m, respectively.
Europe payments industry deals in Q3 2019: Top deals
The top five payments deals accounted for 95.2% of the overall value during Q3 2019.
The combined value of the top five payments deals stood at $5.65bn, against the overall value of $5.93bn recorded for the quarter.
The top five payments industry deals of Q3 2019 tracked by GlobalData were:
1) Mastercard’s $3.18bn asset transaction with Nets
2) The $1.17bn acquisition of equensWorldline by Worldline
3) KKR’s $666.27m private equity deal with Heidelpay
4) The $460m private equity deal with Klarna Bank by BlackRock, Commonwealth Bank of Australia, Dragoneer Investment Group, Forsta AP-fonden, HMI Capital, IPGL, IVP LuxCo and Merian Chrysalis InvestmentLimited
5) Allianz X, Earlybird Venture Capital, GIC, Greyhound Capital Europe, Insight Venture Partners, Tencent Holdings and Valar Ventures Management’s venture financing of N26 Bank for $170m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.