Total payments industry deals for April 2019 worth $470.13m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 98.9% over the previous month and a drop of 92.8% when compared with the last 12-month average of $6.48bn.
In terms of number of deals, the sector saw a rise of 44% over the last 12-month average with 36 deals against the average of 25 deals.
In value terms, North America led the activity with deals worth $260.41m.
Payments industry deals in April 2019: Top deals
The top five payments deals accounted for 70% of the overall value during April 2019.
The combined value of the top five payments deals stood at $329.01m, against the overall value of $470.13m recorded for the month. The top announced payments deal tracked by GlobalData in April 2019 was AIB Group and First Data’s $113.01m acquisition of Payzone Ireland.
In second place was the $88m venture financing of Bill.com by CROSS CREEK – CHATTANOOGA, Fidelity Investments Canada, FleetCor, Franklin Templeton, Kayne Anderson Rudnick Investment Management, MasterCard and Temasek Holdings and in third place was PayU’s $70m acquisition of Wibmo.
The $30m venture financing of Celo by a16z crypto and Polychain Capital and Foundation Capital, Initialized Capital Management and Pantera Capital Management’s venture financing of TDE (trade ecology token) for $28m held fourth and fifth positions, respectively.
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.