Analysis of the key themes driving M&A activity reveals that cryptocurrencies accounted for 3 payments deals announced in Q3 2023, worth a total value of $6.6m. The $6.6m majority acquisition of HBTPower by Avenir Cayman was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.

In value terms, cryptocurrencies-related deal activity remained flat in Q3 2023 compared with the previous quarter and as compared to Q3 2022. Related deal volume decreased by 50% in Q3 2023 versus the previous quarter and was 50% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Eight Capital; Haywood Securities; Origin Capital Group with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Baker Bros Advisors; Cassels Brock & Blackwell; Goodmans with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

20 October 2023

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