Magdalena Gołębiewska
M&A&Is in November and December
Had a crazy end of the year, full of amazing challenges, travels and new projects. That is why didn't actually wrote a proper summary of mergers, acquisitions, investments in Fintech space in November and December 2019. Have to admit, couple of interesting moves happened. It is never to late to fix the mistakes, that is why, below please find my top 10 events each month in the space. Plus - small bonus with summary of that beautiful year.
December 2019
Ripple secures $200 million in new funding (my dear XRP - grow please ;))
Buy-now, pay-later firm FinAccel raises $90 million to broaden financial services offering
Mastercard invests in Doconomy to offer cardholders CO2 emissions tracker
BMO joins $6m FlexPay funding round
Nationwide invests in charity app Percent
Gig economy credit startup Portify raises £7 million
KKR raises tech fund
Siguler Guff has raised its fourth small buyout fund at $1.575 billion
Cboe Global Markets agrees to acquire EuroCCP
LatAm Evertec acquires commercial payments enabler PlacetoPay
November 2019
Elavon to acquire Sage Pay for £232 million
African fintech OPay raises $120m
Australia's Tyro Payments looks to raise A$250m in IPO
PayPal to buy online rewards platform Honey for $4bn
India's Paytm raises $1 billion
Avaloq completes Derivative Partners acquisition
iBanFirst acquires Dutch exchange firm NBWM
Broadridge acquires ClearStructure
SoftBank confirms Yahoo Japan and Line Corp merger to create tech giant
PFS sells up to Australia’s EML Payments for $290 million
Additionally: in Nov., Ant Financial started preparing $1bn investment fund.
And now small summary of what was happening in 2019.
Although the aggregate deal value in 2019 has skyrocketed, the total number of deals in the year has slumped. The fintech industry posted 381 deals for an aggregate $76.33 billion in 2018 but has recorded 193 deals totaling $121.18 billion in M&A activity through Aug. 15. Total deal value for 2019 passed that of 2018 at the end of May with the announcement of Global Payments Inc.'s $22.15 billion planned acquisition of Total System Services Inc.
That came two months after the industry saw its largest-ever fintech deal, Fidelity National Information Services Inc.'s $35.36 billion now-completed bid for Worldpay Inc. The year kicked off with Fiserv Inc.'s $21.79 billion purchase of First Data Corp., which closed in July.
Although strategic acquisitions notched the two biggest fintech deals since 2018, private equity headlined more than half of the largest deals in the same period. Private equity claimed two of the largest deals of 2019: LSE's acquisition of Refinitiv from a Blackstone Group Inc.-led consortium and Thomson Reuters Corp., and a Hellman & Friedman LLC-led investor group's $10.97 billion purchase of The Ultimate Software Group Inc., a global provider of cloud-based human capital management services.
