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  1. Deals Analysis
August 28, 2020

Payments industry deals in Q2 2020 total $4.21bn globally

Total payments industry deals for Q2 2020 worth $4.21bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 67.1% over the previous quarter and a drop of 67.4% when compared with the last four-quarter average of $12.89bn.

In terms of number of deals, the sector saw a drop of 12.6% over the last four-quarter average with 104 deals against the average of 119 deals.

In value terms, North America led the activity with deals worth $2.84bn.

Payments industry deals in Q2 2020: Top deals

The top five payments deals accounted for 62.5% of the overall value during Q2 2020.

The combined value of the top five payments deals stood at $2.63bn, against the overall value of $4.21bn recorded for the month.

The top five payments industry deals of Q2 2020 tracked by GlobalData were:

1) Social Finance’s $1.2bn acquisition of Galileo Financial Technologies

2) The $600m venture financing of Stripe by Andreessen Horowitz, General Catalyst Partners, GV Management Co and Sequoia Capital Operations

3) Zip’s $301.36m acquisition of QuadPay

4) The $300m acquisition of Afterpay by Tencent Holdings

5) Banca Farmafactoring(formerly Farmafactoring S.p.A.)’s acquisition of DEPObank – Banca Depositaria Italiana for $226.42m.

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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