Analysis of the key themes driving M&A activity reveals that digitalization accounted for 19 payments deals announced in Q2 2023, worth a total value of $622m. The $491.4m acquisition of AirPlus International by SEB Kort Bank 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, digitalization-related deal activity decreased by 74% in Q2 2023 compared with the previous quarter’s total of $2.4bn and rose by 84% as compared to Q2 2022. Related deal volume increased by 90% in Q2 2023 versus the previous quarter and was 27% higher than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in Q2 2023 were Eight Capital; Haywood Securities; Joseph Gunnar with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Andrade, Lacaz & Vasconcelos Advogados; Cassels Brock & Blackwell with 1, 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.