North America’s payments industry saw a rise of 51.7% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 44 deals worth $22.17bn were announced for the region during Q2 2019, against the last four-quarter average of 29 deals.
Of all the deal types, M&A saw most activity in Q2 2019 with 21, representing a 47.7% share for the region.
In second place was venture financing with 19 deals, followed by private equity deals with four transactions, respectively capturing a 43.2% and 9.1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in North America’s payments industry with $21.7bn, while venture financing and private equity deals totalled $434.72m and $33.95m, respectively.
North America payments industry deals in Q2 2019: Top deals
The top five payments deals accounted for 98.5% of the overall value during Q2 2019.
The combined value of the top five payments deals stood at $21.83bn, against the overall value of $22.17bn recorded for the quarter. The top announced payments deal tracked by GlobalData in Q2 2019 was $21.5bn merger of Global Payments and Total System Services.
In second place was the $100m venture financing of Brex by DST Global, Greenoaks Capital Management, Institutional Venture Partners, KPCB Digital Growth Fund, Ribbit Capital and Y Combinator Management and in third place was CROSS CREEK – CHATTANOOGA, Fidelity Investments Canada, FleetCor, Franklin Templeton – Wealth Management, Kayne Anderson Rudnick Investment Management, MasterCard and Temasek Holdings’s $88m venture financing of Bill.com.
The $72.7m acquisition of Pace Payment Systems by i3 Verticals and PayU’s acquisition of Wibmo for $70m held fourth and fifth positions, respectively.
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.