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  1. Deals Analysis
September 27, 2021

North America’s payments industry saw a rise of 17.39% in deal activity during August 2021

By Carmen

North America’s payments industry saw a rise of 17.39% in deal activity during August 2021, when compared with the last 12-month average, led by Goldfinch Partners and The Baupost Group’s $910m private equity deal of The Western Union, according to GlobalData’s deals database.

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A total of 27 payments industry deals worth $2.9bn were announced for the region in August 2021, against the 12-month average of 23 deals.

Of all the deal types, venture financing saw most activity in August 2021 with 17 transactions, representing a 63% share for the region.

In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 29.6% and 7.4% 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 $1.24bn, while private equity and M&A deals totalled $1.03bn and $594.2m, respectively.

North America payments industry deals in August 2021: Top deals

The top five payments deals accounted for 86.05% of the overall value during August 2021.

The combined value of the top five payments deals stood at $2.46bn, against the overall value of $2.9bn recorded for the month.

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

1) Goldfinch Partners and The Baupost Group $910m private equity deal with The Western Union

2) The $750m venture financing of Chime Financial by Dragoneer Investment Group,General Atlantic,Sequoia Capital Global Equities,SoftBank Vision Fund 2 and Tiger Global Management

3) Paysafe Holdings UK $441m acquisition deal with SaftPay

4) The $210m venture financing of FalconX by Altimeter Capital Management,Amex Ventures,B Capital Group,Sapphire Ventures and Tiger Global Management

5) Paymentus Holdings $152.2m acquisition deal with PayverisCU

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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