19th November 2019 – Europe’s payments industry saw a rise of 32.3% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.
A total of 41 deals worth $5.93bn were announced for the region during Q3 2019, against the last four-quarter average of 31 deals.
Of all the deal types, venture financing saw most activity in Q3 2019 with 26, representing a 63.4% share for the region.
In second place was M&A with 11 deals, followed by private equity deals with four transactions, respectively capturing a 26.8% and 9.8% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Europe’s payments industry with $4.36bn, while private equity and venture financing deals totalled $1.18bn and $390.9m, respectively.
Europe payments industry deals in Q3 2019: Top deals
The top five payments deals accounted for 95.2% of the overall value during Q3 2019.
The combined value of the top five payments deals stood at $5.65bn, against the overall value of $5.93bn recorded for the quarter.
The top five payments industry deals of Q3 2019 tracked by GlobalData were:
- Mastercard’s $3.18bn asset transaction with Nets
- The $1.17bn acquisition of equensWorldline by Worldline
- KKR’s $666.27m private equity deal with Heidelpay
- The $460m private equity deal with Klarna Bank by BlackRock, Commonwealth Bank of Australia, Dragoneer Investment Group, Forsta AP-fonden, HMI Capital, IPGL, IVP LuxCo and Merian Chrysalis InvestmentLimited
- Allianz X, Earlybird Venture Capital, GIC, Greyhound Capital Europe, Insight Venture Partners, Tencent Holdings and Valar Ventures Management’s venture financing of N26 Bank for $170m.
