Led by $9.23bn merger of Nets and Nexi, Europe’s payments industry saw a rise of 22.22% in cross border deal activity during Q4 2020, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 22 cross border deals worth $18.65bn were announced for the region during Q4 2020, against the last four-quarter average of 18 deals.
Of all the deal types, venture financing saw most activity in Q4 2020 with 11, representing a 50% share for the region.
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By GlobalDataIn second place was M&A with nine deals, followed by private equity deals with two transactions, respectively capturing a 40.9% and 9.1% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, M&A was the leading category in Denmark’s payments industry with $18.29bn, while venture financing and private equity deals totalled $295.51m and $67.95m, respectively.
Europe payments industry cross border deals in Q4 2020: Top deals
The top five payments cross border deals accounted for a 99.03% share of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $18.47bn, against the overall value of $18.65bn recorded for the quarter.
The top five payments industry cross border deals of Q4 2020 tracked by GlobalData were:
1) The $9.23bn merger of Nets and Nexi
2) The $9bn merger of Foley Trasimene AcquisitionII and Paysafe Group
3) Bain Capital Ventures’ $95m venture financing of GoCardless
4) The $86m venture financing deal with Lydia Solutions by Accel
5) Innova Capital’s private equity with PayPoint Services and Payzone for $60.85m.