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  1. Deals Analysis
November 25, 2021updated 06 Jul 2022 10:44am

North America’s payments industry saw a drop of 16.00% in deal activity during October 2021

By Carmen

North America’s payments industry saw a drop of 16.00% in deal activity during October 2021, when compared with the last 12-month average, led by Ally Financial’s $750m acquisition of Fair Square Financial Holdings, according to GlobalData’s deals database.

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A total of 21 payments industry deals worth $1.4bn were announced for the region in October 2021, against the 12-month average of 25 deals.

Of all the deal types, venture financing saw most activity in October 2021 with 14 transactions, representing a 66.7% share for the region.

In second place was M&A with four deals, followed by private equity deals with three transactions, respectively capturing a 19.05% and 14.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s payments industry with $750m, while venture financing and private equity deals totalled $535.15m and $150m, respectively.

North America payments industry deals in October 2021: Top deals

The top five payments deals accounted for 95.7% of the overall value during October 2021.

The combined value of the top five payments deals stood at $1.37bn, against the overall value of $1.4bn recorded for the month.

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

1) Ally Financial $750m acquisition deal with Fair Square Financial Holdings

2) The $333m venture financing of Bolt Financial by Activant Capital Group,General Atlantic,Moore Strategic Ventures,Soma Capital,Tribe Capital,Untitled Investments and Willoughby Capital Holdings

3) Invus,LL Funds,Oaktree Capital Management and QED Investors $150m private equity deal with Mission Lane

4) The $100m venture financing of CoinList Capital by Access Ventures,Accomplice Ventures,Agman Partners,Alphemy Capital fund,Broadhaven Capital Partners,CMT Digital Ventures,Continue Capital – US,DFG Capital,FBG Capital,Fenbushi Capital,GoldenTree Asset Management,Hack VC,HashKey Capital,LD Capital,Metaplanet Holdings,Perpetual Capital Partners,Rising Tide Fund Managers and Taavet+Sten

5) B Capital Group,FinTech Collective,March Capital Partner,Pacific Western Bank,Point72 Ventures,Reciprocal Ventures and Wells Fargo $40m venture financing deal with Extend Enterprises

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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