Total payments industry deals in Q4 2018 worth $2.24bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 28.2% over the previous quarter and a drop of 75.9% when compared with the last four-quarter average of $9.28bn.
In terms of number of deals, the sector saw a rise of 10% over the last four-quarter average with 77 deals against the average of 70 deals.
In value terms, North America led the activity with deals worth $1.26bn.
Payments industry deals in Q4 2018: Top deals
The top five payments deals accounted for 75.15% of the overall value in the sector globally during Q4 2018.
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By GlobalDataThe combined value of the top five payments deals stood at $1.68bn, against the overall value of $2.24bn recorded for the quarter.
The top announced payments deal tracked by GlobalData in Q4 2018 was Edenred’s $600m acquisition of Corporate Spending Innovations.
In second place was SMBC Nikko Securities’s acquisition of Gmo Payment Gateway for $337.98m and in third place was Mastercard UK Holdco’s $319.54m acquisition of Earthport.
Andreessen Horowitz, Institutional Venture Partners, Polychain Capital, Tiger Global Management, and Y Combinator’s $300m venture financing of Coinbase and DST Global, Greenoaks Capital Management, and Institutional Venture Partners’ venture financing of Brex for $125m held fourth and fifth positions, respectively.
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.
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.
Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.