Total payments industry deals for May 2020 worth $1.01bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 55.6% over the previous month and a drop of 78.4% when compared with the last 12-month average of $4.69bn.
In terms of number of deals, the sector saw a drop of 18.4% over the last 12-month average with 31 deals against the average of 38 deals.
In value terms, North America led the activity with deals worth $532.22m.
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By GlobalDataPayments industry deals in May 2020: Top deals
The top five payments deals accounted for 86.9% of the overall value during May 2020.
The combined value of the top five payments deals stood at $880.02m, against the overall value of $1.01bn recorded for the month.
The top five payments industry deals of May 2020 tracked by GlobalData were:
1) Tencent Holdings’ $300m acquisition of Afterpay
2) The $180.02m acquisition of Hint by Revance Therapeutics
3) DST Global and Lone Pine Capital’s $150m venture financing of Brex
4) The $150m private equity deal with Marqeta by Coatue Management, The Goldman Sachs Group, Granite Ventures, 83North Venture Capital, ICONIQ Capital, Visa and Vitruvian Partners
5) Valar Ventures’ venture financing of N26 Bank for $100m.
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.
