In the European payments industry, there were 19 M&A deals announced in Q3 2023, worth a total value of $642.5m, according to GlobalData’s Deals Database. The $610m acquisition of PayU Global by Rapyd was the industry’s largest disclosed deal. GlobalData’s Banking and Payments Industry Mergers and Acquisitions Deals by Top Themes report for Q3 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, M&A activity in Europe increased by 24% in Q3 2023 compared with the previous quarter’s total of $519.6m and fell by 5% as compared to Q3 2022. Related deal volume increased by 6% in Q3 2023 versus the previous quarter and was 30% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in Europe in Q3 2023 were INCU Corporate Finance; Jefferies Financial Group; JPMorgan Chase & Co with 1, 1, 1 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Europe Q3 2023 were Allen & Overy; Advokatfirman Vinge KB; Arthur Cox with 3, 1, 1 deals respectively.

For further understanding of GlobalData's Banking and Payments Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.