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  1. Deals Analysis
April 30, 2021

Europe’s payments industry saw a rise of 76.92% in deal activity during March 2021

By Carmen

Europe’s payments industry saw a rise of 76.92% in deal activity during March 2021, when compared with the last 12-month average, led by The Rise Fund’s $200m acquisition of Airtel Mobile Commerce, according to GlobalData’s deals database.

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A total of 23 payments industry deals worth $398.58m were announced for the region in March 2021, against the 12-month average of 13 deals.

Of all the deal types, venture financing saw most activity in March 2021 with 17 transactions, representing a 73.9% share for the region.

In second place was M&A with four deals, followed by private equity deals with two transactions, respectively capturing a 17.4% and 8.7% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Europe’s payments industry with $200m, followed by venture financing deals totalled $198.58m.

Europe payments industry deals in March 2021: Top deals

The top five payments deals accounted for 88.2% of the overall value during March 2021.

The combined value of the top five payments deals stood at $351.46m, against the overall value of $398.58m recorded for the month.

The top five payments industry deals of March 2021 tracked by GlobalData were:

1) The Rise Fund’s $200m private equity deal with Airtel Mobile Commerce

2) The $90m venture financing deal with PPRO Financial by Eldridge Industries and JPMorgan Chase

3) BCI Finance’s $21.78m venture financing of Butter Holidays

4) The $21.78m venture financing of Skytech Capital by BCI Finance

5) Aquiline Capital Partners, Financiere Arbevel, ODDO BHF, Portag3 Ventures and Smart Lenders Asset Management’s venture financing of Pledg for $17.9m.

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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