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  1. Deals Analysis
July 19, 2019

US payments industry sees a rise of 50% in deal activity in Q2 2019

By Carmen

The US payments industry saw a rise of 50% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 39 deals worth $22.11bn were announced in Q2 2019, compared to the last four-quarter average of 26 deals.

M&A was the leading category in the quarter with 19 deals which accounted for 48.7% of all deals.

In second place was venture financing with 17 deals, followed by private equity with three transactions, respectively accounting for 43.6% and 7.7% of overall deal activity in the country’s payments industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the US payments industry with total deals worth $21.7bn, while venture financing and private equity deals totalled $391.41m and $13.95m, respectively.

The US payments industry deals in Q2 2019: Top deals

The top five payments deals accounted for 98.8% of the overall value during Q2 2019.

The combined value of the top five payments industry deals stood at $21.83bn, against the overall value of $22.11bn recorded for the quarter. The top announced US payments industry deal tracked by GlobalData in Q2 2019 was $21.5bn merger of Global Payments and Total System Services.

In second place was the $100m venture financing of Brex by DST Global, Greenoaks Capital Management, Institutional Venture Partners, KPCB Digital Growth Fund, Ribbit Capital and Y Combinator Management and in third place was CROSS CREEK – CHATTANOOGA, Fidelity Investments Canada, FleetCor, Franklin Templeton – Wealth Management, Kayne Anderson Rudnick Investment Management, MasterCard and Temasek Holdings’s $88m venture financing of Bill.com.

The $72.7m acquisition of Pace Payment Systems by i3 Verticals and PayU’s acquisition of Wibmo for $70m held fourth and fifth positions, respectively.

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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