Monday, 16 September 2019

Europe's payments industry sees a rise!

Yes, it does. Yes, it does, Yes, uh ... it does! / It sees a rise of 100% in deal activity in Q2 2019. 'Great!' Yeah. And how do I know this? 'It's a PR email, boss.' That's right, Voice.

Europe's payments industry sees a rise of 100% in deal activity in Q2 2019, says GlobalData.

[2], ... nice!

Europe's payments industry saw a rise of 100% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData, a leading data and analytics company.

[3], ... very nice! / Beautiful repetition, kook(s)! Three times a-ROUND, just how I like it. 'With a bit of variation though.' That's all right, man. Do you see me complaining? 'No.' Well, there you go.

Okay, okay. Here's the rest of it -

A total of 46 deals worth $2.66bn were announced for the region during Q2 2019, against the last four-quarter average of 23 deals.

Of all the deal types, venture financing saw the most activity in Q2 2019 with 24, representing a 52.2% share for the region.

In second place was mergers and acquisitions (M&A) with 17 deals, followed by private equity deals with five transactions, respectively capturing a 37% and 10.9% 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 $1.08bn, while private equity and venture financing deals totalled $970.95m and $604.31m, respectively.

Europe payments industry deals in Q2 2019: Top deals

The top five payments deals accounted for 85% of the overall value during Q2 2019.

The combined value of the top five payments deals stood at $2.26bn, against the overall value of $2.66bn recorded for the quarter. The top announced payments deal tracked by GlobalData in Q2 2019 was Nuvei Bidco's $889m acquisition of SafeCharge International Group.

In second place was the $672.59m private equity deal with Automobile Association Developments and Post Office by Centerbridge Partners, Jaja Finance and Kohlberg Kravis Roberts & Co and in third place was Andreessen Horowitz, Baillie Gifford &, BlackRock, Lead Edge Capital Management, Lone Pine Capital and Vitruvian Partners' $292m private equity deal with TransferWise.

The $230m venture financing of Checkout by Blossom Capital, DST Global, Endeavor Catalyst, GIC and Insight Venture Management and Accel, LeapFrog Investments and Technology Crossover Management VII's venture financing of WorldRemit for $175m held fourth and fifth positions, respectively.

ENDS


Well, well ... / Listen! Don't ever say, dear reader(s), that I don't give you financial news. I mean, there it is/was. What more do you want?! Seriously!

...

Anything else? Oh, I bought that Rocketman film for my phone at the weekend.

Okay, okay. More? You want more?! Really? Music update? Er, this is a finance blog, kook(s). FFS! 'Go on, boss.' No! This has got to stop. I'm cutting out all the personal stuff, anyway. 'Yeah.' I am! It's beyond a joke. THIS IS A FINANCE BLOG. How many times do I have to tell you people?

Of course, I'll be writing a conceptual later, No. 739, which will have absolutely nothing to do with finance.

Music, then? Oh, I'm still rehearsing BECAUSE(!) ... [drum roll] ... I want to! Do you understand? I want to!

It's not a crime.

Laters!