The US payments industry saw a drop of 26.5% in overall deal activity during Q4 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 25 deals worth $525.31m were announced in Q4 2019, compared to the last four-quarter average of 34 deals.
Venture financing was the leading category in the quarter with 13 deals which accounted for 52% of all deals.
In second place was M&A with ten deals, followed by private equity with two transactions, respectively accounting for 40% and 8% of overall deal activity in the country’s payments industry during the quarter.
In terms of value of deals, venture financing was the leading deal category in the US payments industry with total deals worth $297.89m, while M&A deals totalled $227.42m
The US payments industry deals in Q4 2019: Top deals
The top five payments deals accounted for 77.5% of the overall value during Q4 2019.
The combined value of the top five payments deals stood at $407m, against the overall value of $525.31m recorded for the month.
The top five payments industry deals of Q4 2019 tracked by GlobalData were:
1) HMS’s $155m acquisition of Accent
2) The $77m venture financing of Galileo Financial Technologies by Accel and Ryan Smith
3) Companion Fund, FJ Labs, Struck Capital and TTV Capital’s $65m venture financing of Scratch Financial
4) The $60m acquisition of APS Payments by Repay Holdings
5) Accel, Aspect Ventures, The Goldman Sachs Group, Mission Holdings, Pelion Venture Partners and Sallie Mae’s venture financing of Deserve for $50m.
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.