Analysis of the key themes driving M&A activity reveals that digital payments accounted for 20 payments deals announced in Q2 2023, worth a total value of $785.2m. The $537m acquisition of Shinsegae Group by Viva Republica was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report provides a comprehensive analysis of disruptive themes, M&A activity, and notable deals in the banking and payments industry. Buy the report here.
In value terms, digital payments-related deal activity decreased by 40% in Q2 2023 compared with the previous quarter’s total of $1.3bn and rose by 276% as compared to Q2 2022. Related deal volume increased by 18% in Q2 2023 versus the previous quarter and was 5% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Barclays; Jefferies Financial Group; Joseph Gunnar with 2, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Arthur Cox; Bronstein, Zilberberg, Chueiri & Potenza Advogados with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes in 2022 - Thematic Intelligence, buy the report here.