Total payments industry deals for June 2020 worth $786.54m were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 30.8% over the previous month and a drop of 69.7% when compared with the last 12-month average of $2.6bn.
In terms of number of deals, the sector saw a rise of 25% over the last 12-month average with 45 deals against the average of 36 deals.
In value terms, North America led the activity with deals worth $376.98m.
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By GlobalDataPayments industry deals in June 2020: Top deals
The top five payments deals accounted for 82.3% of the overall value during June 2020.
The combined value of the top five payments deals stood at $647.45m, against the overall value of $786.54m recorded for the month.
The top five payments industry deals of June 2020 tracked by GlobalData were:
1) Zip’s $301.36m acquisition of QuadPay
2) The $150m venture financing of Checkout by Blossom Capital, Coatue Management, DST Global, Insight Venture Management, Singapore sovereign wealth fund and GIC
3) Bpifrance, IDInvest Partners and Index Ventures’ $78.58m venture financing of Heroku
4) The $76.5m acquisition of Digital Money Myanmar by Yoma Strategic Holdings
5) Boku’s acquisition of Fortumo Holdings for $41m.
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.
