The $9.23bn merger with Nets and Nexi was the payments industry’s biggest cross border deal of Q4 2020 as cross border deals worth $20.26bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 547.3% over the previous quarter and a rise of 918.1% when compared with the last four-quarter average of $1.99bn.
In terms of number of cross border deals, the sector saw a rise of 2.13% over the last four-quarter average with 48 deals against the average of 47 deals.
In value terms, Europe led the activity with cross border deals worth $18.65bn.
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By GlobalDatapayments industry cross border deals in Q4 2020: Top deals
The top five payments industry cross border deals accounted for 95.5% of the overall value during Q4 2020.
The combined value of the top five cross border deals stood at $19.35bn, against the overall value of $1.99bn recorded for the quarter.
The top five payments industry cross border deals of Q4 2020 tracked by GlobalData were:
1) The $9.23bn merger with Nets and Nexi
2) The $9bn merger with Foley Trasimene AcquisitionII and Paysafe Group
3) Syncapay’s $488.42m acquisition of Wirecard North America
4) The $365m acquisition of Poynt by GoDaddy
5) Affirm Holdings’ acquisition of PayBright for $262.83m.