Europe’s payments industry saw a drop of 29.7% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.
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A total of 26 deals worth $588.32m were announced for the region during Q2 2020, against the last four-quarter average of 37 deals.
Of all the deal types, venture financing saw most activity in Q2 2020 with 16, representing a 61.5% share for the region.
In second place was M&A with nine deals, followed by private equity deals with one transactions, respectively capturing a 34.6% and 3.9% share of the overall deal activity for the quarter.
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By GlobalDataIn terms of value of deals, venture financing was the leading category in Europe’s payments industry with $306.58m, followed by M&A deals totalled $281.75m.
Europe payments industry deals in Q2 2020: Top deals
The top five payments deals accounted for 87.3% of the overall value during Q2 2020.
The combined value of the top five payments deals stood at $513.8m, against the overall value of $588.32m recorded for the quarter.
The top five payments industry deals of Q2 2020 tracked by GlobalData were:
1) Banca Farmafactoring(formerly Farmafactoring S.p.A.)’s $226.42m acquisition of DEPObank – Banca Depositaria Italiana
2) The $150m venture financing of Checkout by Blossom Capital, Coatue Management, DST Global, Insight Venture Management, Singapore sovereign wealth fund and GIC
3) Bpifrance, IDInvest Partners and Index Ventures’ $78.58m venture financing of Heroku
4) The $35m acquisition of Yandex.Money by Sberbank Rossii
5) Bpifrance, Breega Capital, Large Venture, Serena Capital and Xavier Niel’s venture financing of FX4BIZ for $23.8m.
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.
