NEW YORK — October 6, 2022 — Berkery Noyes, an independent mid-market investment bank, today released its third quarter 2022 mergers and acquisitions trend report for the Financial Technology and Information Industry.
The report analyzes M&A activity for the sector during third quarter 2022 and compares it with second quarter 2022. This market includes information and technology companies in Capital Markets, Payments, Banking, Insurance, and other related financial services.
Total transaction volume in third quarter 2022 decreased by nine percent over second quarter 2022. Total transaction value during this timeframe fell by 39 percent, from $18.9 billion to $11.5 billion.
The number of deals in the Payments segment remained about constant over second quarter 2022. Notable Payments transactions during the third quarter included Global Payments’ announced acquisition of EVO Payments for $4 billion; and EQT AB’s announced acquisition of Billtrust for $1.5 billion. Meanwhile, M&A activity in the Capital Markets segment declined 12 percent over second quarter 2022.
However, when compared on a first three quarters basis from 2021 to 2022, deal flow increased nine percent in the Payments segment and 14 percent in the Capital Markets segment.
A copy of the FINANCIAL TECHNOLOGY AND INFORMATION INDUSTRY M&A REPORT FOR THIRD QUARTER 2022 is available at the Berkery Noyes website.