Total payments industry deals for June 2019 worth $1.36bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 94.2% over the previous month and a drop of 82.1% when compared with the last 12-month average of $7.58bn.
In terms of number of deals, the sector saw a rise of 51.7% over the last 12-month average with 44 deals against the average of 29 deals.
In value terms, Europe led the activity with deals worth $928.59m.
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By GlobalDataPayments industry deals in June 2019: Top deals
The top five payments deals accounted for 80.8% of the overall value during June 2019.
The combined value of the top five payments deals stood at $1.1bn, against the overall value of $1.36bn recorded for the month. The top announced payments deal tracked by GlobalData in June 2019 was Centerbridge Partners, Jaja Finance and Kohlberg Kravis Roberts & Co’s $672.59m private equity deal with Automobile Association Developments and Post Office.
In second place was the $175m venture financing of WorldRemit by Accel, LeapFrog Investments and Technology Crossover Management VII and in third place was DST Global, Greenoaks Capital Management, Institutional Venture Partners, KPCB Digital Growth Fund, Ribbit Capital and Y Combinator Management’s $100m venture financing of Brex.
The $75m venture financing of Razorpay Software by Ribbit Capital, Sequoia Capital India, Tiger Global Management and Y Combinator Management and Insight Partners’ venture financing of BharatPe for $75m 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.