In the US payments industry, there were 15 M&A deals announced in Q2 2023, worth a total value of $106m, according to GlobalData’s Deals Database. The $95m acquisition of x1 card by robinhood financial was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
In value terms, M&A activity in The US decreased by 93% in Q2 2023 compared with the previous quarter’s total of $1.6bn and fell by 83% as compared to Q2 2022. Related deal volume decreased by 32% in Q2 2023 versus the previous quarter and was 38% lower than in Q2 2022.
The top-ranked financial advisors supporting these M&A deals in The US in Q2 2023 were Citigroup; Cohen; CS Capital Advisors with 1, 1, 1 deals respectively.
The top-ranked legal advisorss supporting these M&A deals in The US Q2 2023 were Alston & Bird; Adler & Stachenfeld; ArentFox Schiff with 3, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes, buy the report here.