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  1. Deals Analysis
April 14, 2020updated 01 May 2020 2:24pm

North America’s payments industry sees a drop of 20.5% in deal activity in Q4 2019

North America’s payments industry saw a drop of 20.5% in overall deal activity during Q4 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 31 deals worth $550.31m were announced for the region during Q4 2019, against the last four-quarter average of 39 deals.

Of all the deal types, venture financing saw most activity in Q4 2019 with 15, representing a 48.4% share for the region.

In second place was M&A with 14 deals, followed by private equity deals with two transactions, respectively capturing a 45.2% and 6.5% share of the overall deal activity for the quarter.

In terms of value of deals, venture financing was the leading category in North America’s payments industry with $322.89m, followed by M&A deals totalled $227.42m.

North America payments industry deals in Q4 2019: Top deals

The top five payments deals accounted for 74% of the overall value during Q4 2019.

The combined value of the top five payments deals stood at $407m, against the overall value of $550.31m recorded for the quarter.

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.

 

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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