Total payments industry deals for July 2020 worth $979.72m were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 23.6% over the previous month and a drop of 61.6% when compared with the last 12-month average of $2.55bn.
In terms of number of deals, the sector saw a rise of 5.7% over the last 12-month average with 37 deals against the average of 35 deals.
In value terms, North America led the activity with deals worth $560.9m.
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By GlobalDataPayments industry deals in July 2020: Top deals
The top five payments deals accounted for 80.8% of the overall value during July 2020.
The combined value of the top five payments deals stood at $791.19m, against the overall value of $979.72m recorded for the month.
The top five payments industry deals of July 2020 tracked by GlobalData were:
1) Corsair Capital’s $350m private equity deal with Multi Service Technology Solutions
2) The $200m private equity deal with TransferWise by D1 Capital Partners
3) Victory Park Capital Advisors’ $103.19m private equity deal with Laybuy
4) The $85m venture financing of Remitly by DN Capital, Threshold Ventures, Generation Investment Management, Owl Rock Capital, PayU, Princeville Global, Stripes and Top Tier Capital Partners
5) ACE &SA, B Capital Group, BRI Ventures, Insignia Ventures Partners, Quiet Capital, Tiger Global Management and Y Combinator Management’s venture financing of PT Payfazz Teknologi Nusantara for $53m.
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.