Analysis of the key themes driving M&A activity reveals that ecommerce accounted for 5 payments deals announced in Q2 2023, worth a total value of $8m. The $7.5m acquisition of Hypur by POSaBIT Systems was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q2 2023 unveils the driving forces behind the M&A activities in the industry, providing crucial insights into trends and shifts. Buy the report here.
In value terms, ecommerce-related deal activity decreased by 36% in Q2 2023 compared with the previous quarter’s total of $12.5m. Related deal volume decreased by 29% in Q2 2023 versus the previous quarter and was 17% lower than in Q2 2022.
The top-ranked legal advisors supporting these M&A deals in Q2 2023 were Allen & Overy; Arthur Cox; Clifford Chance with 1, 1, 1 deals respectively.
For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q2 2023 â€“ Thematic Intelligence, buy the report here.