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TransactionWatch – Week of July 6th – July 10th

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This Week’s M&A Overview

This week continued to see steady M&A activity, especially within the international merchant acquiring space, with the announcement of two new deals. Paytm, a major payments gateway based in India, and its Co-founder and CEO announced their acquisition of Raheja QBE, a provider of general insurance services in India. This acquisition was valued at $76 million and looks to take advantage of the growing insurance market in the country by integrating Paytm’s payment gateway into the digital insurance solution. In addition, this week also saw the announcement of Heidelpay’s acquisition of Paysafe Pay Later, a deferred payments arm of the Paysafe Group. Expected to close in Q3 of this year, this acquisition enables Heidelpay to grow its European presence and capitalize on the growing adoption of buy now, pay later solutions in the region.

In other M&A news, the ongoing investigation into Wirecard has stirred a lot of interest into the company’s assets and international operations from potential buyers. According to Wirecard’s administrator this week, the company has more than 100 investors that have expressed interest in the company, with sales processes already being initiated for some international holdings.