In the global payments industry, there were 61 M&A deals announced in Q2 2023, worth a total value of $1.6bn, according to GlobalData’s Deals Database. The $537m acquisition of shinsegae group by viva republica was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity decreased by 52% in Q2 2023 compared with the previous quarter’s total of $3.3bn and fell by 36% as compared to Q2 2022. Related deal volume decreased by 12% in Q2 2023 versus the previous quarter and was 15% lower than in Q2 2022.
Notably, digital payments-related deals accounted for a 46% share of the global payments industry’s M&A activity in Q2 2023, registering a flat growth over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; JPMorgan Chase & Co; Cohen with 2, 2, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Alston & Bird; Erdinast, Ben Nathan & Co. Advocates with 3, 3, 2 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.