Analysis of the key themes driving private equity deal activity reveals that digital payments accounted for 6 payments deals announced in Q2 2023, worth a total value of $219.9m. The $100m investment by General Atlantic Partners in PhonePe 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 % in Q2 2023 compared with the previous quarter’s total of and fell by 77% as compared to Q2 2022. Related deal volume remained flat in Q2 2023 versus the previous quarter and was 14% lower than in Q2 2022.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Ana Maria Andronic Law Office; Brownstein Hyatt Farber Schreck; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo PC 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.
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