Europe’s payments industry saw a rise of 76.92% in deal activity during March 2021, when compared with the last 12-month average, led by The Rise Fund’s $200m acquisition of Airtel Mobile Commerce, according to GlobalData’s deals database.
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A total of 23 payments industry deals worth $398.58m were announced for the region in March 2021, against the 12-month average of 13 deals.
Of all the deal types, venture financing saw most activity in March 2021 with 17 transactions, representing a 73.9% share for the region.
In second place was M&A with four deals, followed by private equity deals with two transactions, respectively capturing a 17.4% and 8.7% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Europe’s payments industry with $200m, followed by venture financing deals totalled $198.58m.
Europe payments industry deals in March 2021: Top deals
The top five payments deals accounted for 88.2% of the overall value during March 2021.
The combined value of the top five payments deals stood at $351.46m, against the overall value of $398.58m recorded for the month.
The top five payments industry deals of March 2021 tracked by GlobalData were:
1) The Rise Fund’s $200m private equity deal with Airtel Mobile Commerce
2) The $90m venture financing deal with PPRO Financial by Eldridge Industries and JPMorgan Chase
3) BCI Finance’s $21.78m venture financing of Butter Holidays
4) The $21.78m venture financing of Skytech Capital by BCI Finance
5) Aquiline Capital Partners, Financiere Arbevel, ODDO BHF, Portag3 Ventures and Smart Lenders Asset Management’s venture financing of Pledg for $17.9m.
