Total payments industry deals for April 2020 worth $2.26bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 112.2% over the previous month and a drop of 49.8% when compared with the last 12-month average of $4.51bn.
In terms of number of deals, the sector saw a drop of 38.5% over the last 12-month average with 24 deals against the average of 39 deals.
In value terms, North America led the activity with deals worth $1.93bn.
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By GlobalDataPayments industry deals in April 2020: Top deals
The top five payments deals accounted for 93.8% of the overall value during April 2020.
The combined value of the top five payments deals stood at $2.12bn, against the overall value of $2.26bn recorded for the month.
The top five payments industry deals of April 2020 tracked by GlobalData were:
1) Social Finance’s $1.2bn acquisition of Galileo Financial Technologies
2) The $600m venture financing of Stripe by Andreessen Horowitz, General Catalyst Partners, GV Management Co and Sequoia Capital Operations
3) ANZi Ventures, DST Global, Hillhouse Capital Group, Horizons Ventures, Salesforce Ventures, Sequoia Capital China and Tencent Holdings’ $160m venture financing of Airwallex
4) The $120m private equity deal with Voyager Innovations by IFC Emerging Asia Fund, International Financial, KKR &Inc, PLDT and Tencent Holdings
5) Itochu’s venture financing of Paidy for $43m.
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.