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Transaction Watch: December 19th - December 29th

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M&A Overview

M&A activity in the payments landscape slows down as we close out the year and prepare for 2023. While no new acquisitions were publicized, J.P. Morgan announced last week they have closed on their 48.5% ownership stake in Viva Wallet, a European mobile payments platform and fintech provider. This agreement, initially announced in January, largely supports J.P. Morgan’s commitment to expand their acquiring business across the European region.

As 2022 comes to a close, a few industry trends emerged around M&A activity that occurred throughout the year. Most noticeably, M&A deal count did not surpass prior years and amounted to 113 as opposed to 132 last year. This was likely due in part from a variety of reasons, including global economic conditions, rising interest rates, and businesses taking less risks. In addition, a growing trend that continued to take place this year was the shift toward acquiring ISVs as a means to grow and expand into market verticals. ISVs are remaining top of mind for many acquirers as they seek to grow their merchant portfolios. Lastly, significant M&A activity occurring throughout 2023 is largely uncertain. While there is a lot of cash on hand for many firms, outside factors may continue to affect buyers’ willingness to spend and take market risks.

You might also like…
  • M&A Winter is Coming – Commentary by Jim Zipursky, Chairman & CEO of Corporate Finance Associates Worldwide, a Strategic M&A Partner of TSG.
  • TSG Acquires Software Company Global NetWatch –  The addition of Global NetWatch reinforces TSG’s commitment to providing clients with impactful, value-added services.
  • Directory of U.S. Merchant Acquirers, sponsored by FIS – TSG’s most comprehensive report on U.S. merchant acquirers, featuring over 9,000 data points on more than 320 companies; covering national leaders to regional ISOs.
  • Executive Interviews – we regularly sit down and discuss payments with executives throughout the payments ecosystem.
  • TSG Services – need support? We support the industry with a unique combination of expertise, deep analytics, and unparalleled intelligence.

Zach Spellman

Project Manager

402.964.2617 (HQ)