Total payments industry deals for Q2 2019 worth $25.13bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 46.6% over the previous quarter and a rise of 29.7% when compared with the last four-quarter average of $19.38bn.
In terms of number of deals, the sector saw a rise of 72.7% over the last four-quarter average with 133 deals against the average of 77 deals.
In value terms, North America led the activity with deals worth $22.17bn.
Payments industry deals in Q2 2019: Top deals
The top five payments deals accounted for 93.8% of the overall value during Q2 2019.
The combined value of the top five payments deals stood at $23.58bn, against the overall value of $25.13bn 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 $889m acquisition of SafeCharge International Group by Nuvei Bidco and in third place was Centerbridge Partners, Jaja Finance and Kohlberg Kravis Roberts & Co’s $672.59m private equity deal with Automobile Association Developments and Post Office.
The $292m private equity deal with TransferWise by Andreessen Horowitz, Baillie Gifford &, BlackRock, Lead Edge Capital Management, Lone Pine Capital and Vitruvian Partners and Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management’s venture financing of Checkout for $230m 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.