Total payments industry deals for February 2020 worth $11.94bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 955.4% over the previous month and a rise of 69.4% when compared with the last 12-month average of $7.05bn.
In terms of number of deals, the sector saw a rise of 2.6% over the last 12-month average with 39 deals against the average of 38 deals.
In value terms, Europe led the activity with deals worth $8.65bn.
Payments industry deals in February 2020: Top deals
The top five payments deals accounted for 97.5% of the overall value during February 2020.
The combined value of the top five payments deals stood at $11.64bn, against the overall value of $11.94bn recorded for the month.
The top five payments industry deals of February 2020 tracked by GlobalData were:
1) Worldline’s $8.65bn acquisition of Ingenico
2) The $2.65bn acquisition of CardWorks by Ally Financial
3) Starboard Value’s $130.02m acquisition of Green Dot
4) The $120m venture financing of Flywire Payments by Adage Capital Management, The Goldman Sachs Group and Tiger Management
5) Banco Santander’s acquisition of Elavon Merchant Services de Mexico, S. dede C.V. for $86m.
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.