Analysis of the key themes driving private equity deal activity reveals that digitalization accounted for 3 payments deals announced in Q2 2023, worth a total value of $150m. The $100m investment by General Atlantic 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, digitalization-related deal activity remained flat in Q2 2023 compared with the previous quarter and as compared to Q2 2022. Related deal volume increased by 200% in Q2 2023 versus the previous quarter and was 25% lower than in Q2 2022.
The top-ranked legal advisors supporting these private equity deals in Q2 2023 were Ana Maria Andronic Law Office; McCarthy Tetrault; Radu Taracila Padurari Retevoescu 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.