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  1. Deals Analysis
July 19, 2019

Europe’s payments industry sees a rise of 100% in deal activity in Q2 2019

By Carmen

Europe’s payments industry saw a rise of 100% 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 46 deals worth $2.66bn were announced for the region during Q2 2019, against the last four-quarter average of 23 deals.

Of all the deal types, venture financing saw most activity in Q2 2019 with 24, representing a 52.2% share for the region.

In second place was M&A with 17 deals, followed by private equity deals with five transactions, respectively capturing a 37% and 10.9% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s payments industry with $1.08bn, while private equity and venture financing deals totalled $970.95m and $604.31m, respectively.

Europe payments industry deals in Q2 2019: Top deals

The top five payments deals accounted for 85% of the overall value during Q2 2019.

The combined value of the top five payments deals stood at $2.26bn, against the overall value of $2.66bn recorded for the quarter. The top announced payments deal tracked by GlobalData in Q2 2019 was Nuvei Bidco’s $889m acquisition of SafeCharge International Group.

In second place was the $672.59m private equity deal with Automobile Association Developments and Post Office by Centerbridge Partners, Jaja Finance and Kohlberg Kravis Roberts & Co and in third place was Andreessen Horowitz, Baillie Gifford &, BlackRock, Lead Edge Capital Management, Lone Pine Capital and Vitruvian Partners’ $292m private equity deal with TransferWise.

The $230m venture financing of Checkout by Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management and Accel, LeapFrog Investments and Technology Crossover Management VII’s venture financing of WorldRemit for $175m 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.

 

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.

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