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January 23, 2021TransactionWatch

TransactionWatch – Week of January 18th – January 22nd

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The execution of M&A deal announcements staggered this week when compared to prior weeks thus far in the new year, however, this week encompassed much speculation regarding potential upcoming transactions. To start, DNA Payments Group announced on Thursday (Jan. 21st) their acquisition of Active Merchant Services (aka Active Payments) for an undisclosed sum. Active Payments is a UK-based ISO with a portfolio of more than 2,500 merchants. With this acquisition, DNA Payments will have a customer base of 30,000 merchants who process approximately $7.5 billion in cumulative payment volume annually.

In other news, more speculation emerged this week pertaining to ACI Worldwide potentially weighing its strategic options, which could include a sale that could reach more than $6 billion. News of ACI being on the block first broke in early December, and the company has now reportedly engaged Goldman Sachs to help guide its go-forward strategy. Separately, the fintech startup Payoneer is reportedly in discussion with a SPAC on the possibility of going public. Although nothing is definite at this point, the payments firm is allegedly in merger talks with FTAC Olympus Acquisition Corp.

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