North America’s payments industry saw a rise of 17.39% in deal activity during August 2021, when compared with the last 12-month average, led by Goldfinch Partners and The Baupost Group’s $910m private equity deal of The Western Union, according to GlobalData’s deals database.
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A total of 27 payments industry deals worth $2.9bn were announced for the region in August 2021, against the 12-month average of 23 deals.
Of all the deal types, venture financing saw most activity in August 2021 with 17 transactions, representing a 63% share for the region.
In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 29.6% and 7.4% share of the overall deal activity for the month.
In terms of value of deals, venture financing was the leading category in North America’s payments industry with $1.24bn, while private equity and M&A deals totalled $1.03bn and $594.2m, respectively.
North America payments industry deals in August 2021: Top deals
The top five payments deals accounted for 86.05% of the overall value during August 2021.
The combined value of the top five payments deals stood at $2.46bn, against the overall value of $2.9bn recorded for the month.
The top five payments industry deals of August 2021 tracked by GlobalData were:
1) Goldfinch Partners and The Baupost Group $910m private equity deal with The Western Union
2) The $750m venture financing of Chime Financial by Dragoneer Investment Group,General Atlantic,Sequoia Capital Global Equities,SoftBank Vision Fund 2 and Tiger Global Management
3) Paysafe Holdings UK $441m acquisition deal with SaftPay
4) The $210m venture financing of FalconX by Altimeter Capital Management,Amex Ventures,B Capital Group,Sapphire Ventures and Tiger Global Management
5) Paymentus Holdings $152.2m acquisition deal with PayverisCU
