NEW YORK — July 7, 2022 — Berkery Noyes, an independent mid-market investment bank, today released its half year 2022 mergers and acquisitions trend report for the Financial Technology and Information Industry.
The report analyzes M&A activity during the first half of 2022 and compares it with the four previous six-month periods from 2020 to 2021. This market includes information and technology companies in Capital Markets, Payments, Banking, Insurance, and other related financial services.
Total transaction volume in 1st Half 2022 increased by 19 percent over 2nd Half 2021, from 226 to 268. Total transaction value in 1st Half 2022 declined by two percent over 2nd Half 2021, from $31.60 billion to $30.84 billion.
Three of the top five highest value transactions in 1st Half 2022 occurred in the Banking segment: Intercontinental Exchange’s announced acquisition of Black Knight, a provider of integrated software, data, and analytics solutions that facilitate and automate business processes across the homeownership lifecycle or $15.92 billion; SoFi Technologies’ announced acquisition of Technisys, a cloud-native, digital multi-product core banking platform, for $1.1 billion; and Fiserv’s acquisition of Finxact, a developer of a cloud-native banking solution, for $650 million.
The segment with the largest rise in volume in 1st Half 2021 over 2nd Half 2022 was Capital Markets with a 45 percent gain, from 55 to 80 transactions. Notable segment deals year-to-date included The London Stock Exchange Group’s announced acquisition of TORA, a provider of advanced investment management technologies for asset managers, hedge funds, proprietary trading firms and sell-side trading desks globally, for $325 million; and Goldman Sachs Asset Management’s announced acquisition of NextCapital Group, an open-architecture digital retirement advice provider.
Deal activity in the Payment segment underwent a 31 percent increase, from 67 to 88 transactions. Notable transactions year-to-date included Madison Dearborn Partners’ announced acquisition of MoneyGram International, a digital P2P payments platform, for $1.7 billion; and Shift4’s announced acquisition of Finaro, a cross-border eCommerce payments provider, for $525 million.
A copy of the FINANCIAL TECHNOLOGY AND INFORMATION INDUSTRY M&A REPORT FOR HALF YEAR 2022 is available at the Berkery Noyes website.