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  1. Deals Analysis
September 27, 2021

US payments industry sees a rise of 21.05% in deal activity in August 2021

By Carmen

US payments industry saw a rise of 21.05% in overall 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 with The Western Union, according to GlobalData’s deals database.

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A total of 23 deals worth $2.7bn were announced in August 2021, compared with the 12-month average of 19 deals.

venture financing was the leading category in the month in terms of volume with 17 deals, which accounted for 73.9% of all deals.

In second place was M&A with five deals, followed by private equity with one transactions, respectively accounting for 21.7% and 4.4% of overall deal activity in the US technology industry during the month.

In terms of value of deals, venture financing was the leading deal category in the US payments industry with total deals worth $1.24bn, while private equity and M&A deals totalled $910m and $593.2m respectively.

US payments industry deals in August 2021: Top deals

The top five payments industry deals accounted for 89.9% 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 $2.7bn 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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