Analysis of the key themes driving M&A activity reveals that online payments accounted for 9 payments deals announced in Q1 2023, worth a total value of $326.6m. The $295.3m majority acquisition of S.L.U. and Paycomet by Nexi was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
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In value terms, online payments-related deal activity increased by 55% in Q1 2023 compared with the previous quarter’s total of $211.4m and rose by 2780% as compared to Q1 2022. Related deal volume decreased by 10% in Q1 2023 versus the previous quarter and was 80% higher than in Q1 2022.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Barclays; Boston Consulting Group; Jefferies Financial Group with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
