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  1. Deals Analysis
October 26, 2021

North America’s payments industry saw a rise of 15.79% in deal activity during September 2021

By Carmen

North America’s payments industry saw a rise of 15.79% in deal activity during September 2021, when compared with the last 12-month average, led by Berkshire Partners, BlackRock, Declaration Partners, Eldridge Industries, Gallatin Point Capital, HarbourVest Partners, Lone Pine Capital, Marshall Wace, The Rise Fund and Warburg Pincus’ $510m venture financing of Varo Money, according to GlobalData’s deals database.

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A total of 22 payments industry deals worth $1.6bn were announced for the region in September 2021, against the 12-month average of 19 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 15 transactions, representing a 68.2% share for the region.

In second place was M&A with seven deals capturing a 31.8% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s payments industry with $1.04bn, followed by M&A deals totalled $555.04m.

North America payments industry deals in September 2021: Top deals

The top five payments deals accounted for 88.1% of the overall value during September 2021.

The combined value of the top five payments deals stood at $1.41bn, against the overall value of $1.6bn recorded for the month.

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

1) Berkshire Partners,BlackRock,Declaration Partners,Eldridge Industries,Gallatin Point Capital,HarbourVest Partners,Lone Pine Capital,Marshall Wace,The Rise Fund and Warburg Pincus $510m venture financing deal with Varo Money

2) The $500m acquisition of MineralTree by Global Payments

3) Hedosophia $288.33m venture financing deal with Bolt Financial

4) The $55m venture financing of Plutus Financial by American Express Ventures,Amex Ventures,Arbor Ventures,Blockchain Capital,CMT Digital Ventures,IGNIA Partners,Kinetic Advisors,Kingsway Capital,Lerer Hippeau Ventures,RRE Ventures,Stellar Development Foundation and Tiga Investments

5) Persistent Systems $53m venture financing deal with SoftwareInternational

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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