In the global payments industry, there were 6 private equity deals announced in Q2 2024, worth a total value of $9.7bn, according to GlobalData’s Deals Database. The $6.3bn institutional buy-out (ibo) Nuvei by Advent International was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes and the Private Equity deal activity are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, private equity deal activity increased by 323233% in Q2 2024 compared with the previous quarter’s total of $3m and rose by 1327% as compared to Q2 2023. Related deal volume remained flat in Q2 2024 versus the previous quarter and was 40% lower than in Q2 2023.
Notably, foreign direct investments (fdi)-related deals accounted for a 100% share of the global payments industry’s private equity deal activity in Q2 2024, up 200% over the previous quarter.
The top-ranked financial advisors supporting these private equity deals in H1 2024 were Barclays; Goldman Sachs Group; Royal Bank of Canada with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these private equity deals in H1 2024 were Blake, Cassels & Graydon; Davis Polk & Wardwell; Fasken Martineau DuMoulin with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Buyouts and Direct Investments done by Private Equity firms.
