GLOBAL BLUE acquired by SHIFT4

Cegid acquired Shine (and its associated fintech ecosystem under Ageras) for a total consideration exceeding EUR1 billion. This represents the largest acquisition in Cegid's 40-year history. The deal aims to fuse banking and accounting: by integrating Shine's banking rails directly into Cegid's software used by accountants, the group creates a seamless "paneuropean financial platform." The valuation implies a massive multiplier reflecting the strategic premium of controlling the SME payment flow

SS&C Technologies acquired Calastone from Carlyle. Upon completion, Calastone's team of 250 employees was integrated into SS&C's Global Investor & Distribution Solutions (GIDS) division. The strategic rationale is to combine Calastone's network with SS&C's fund administration and AI automation capabilities to create a more connected, automated global fund ecosystem.

Telepass has acquired a significant equity stake in Telepass. This strategic partnership is designed to accelerate the target’s existing growth trajectory, build scale across European markets, and establish a leading pan-European platform for customer-centric mobility services. The strategic rationale for the deal is rooted in the high-growth potential of the electronic payment sector and the resilience of the target's core electronic toll collection business, which provides stable, non-cyclical cash flows

The investment in Planet by Advent International and Eurazeo is a strategic move to accelerate the company's global leadership in payments. The transaction is expected to help Planet expand its services and capabilities, driving growth and innovation in the digital payments industry. With the support of its new investors, Planet is well-positioned to continue its expansion into new markets and geographies, further solidifying its position as a leading player in the global payments ecosystem. The investment is also expected to enable Planet to enhance its technology and services, providing merchants with a more comprehensive and integrated payment solution

The transaction involves an all-share merger between Nexi and Nets, creating the undisputed European PayTech leader with a presence in over 25 countries. The strategic rationale is centered on creating a massive pan-European platform with unrivaled scale, a 4x larger addressable market, and significant recurring cash synergies estimated at EUR 170 million annually. This combination is expected to be highly value-accretive, with an estimated Cash EPS accretion of over 25% for Nexi shareholders by 2022

The Carlyle Group acquired a majority stake in Calastone from Accel and Octopus Ventures. The deal followed a competitive auction process involving other bidders like Nordic Capital. The strategic rationale was to transform a highly successful, VC-backed fintech into a global institutional-grade market utility. Carlyle aimed to leverage the company's "sticky" recurring revenue (85% from mutual fund routing) and its first-mover advantage in blockchain-based fund infrastructure to drive global scale

A UK-based private equity organization specializing in financial services has successfully finalized the acquisition of a majority stake in the share capital of the target from its founding retail parent company. This strategic transaction represents a definitive "semi-spin-off," allowing the payment platform to transition from a captive internal unit into an independent, high-growth fintech competitor. The strategic rationale for the move centers on the acquirer’s objective to accelerate the platform’s diversification and market penetration beyond its original retail network

Euronext completed the acquisition of 100% of VP Securities, further consolidating its position as a leading CSD operator in Europe. This transaction followed Euronext’s "Nordic" expansion strategy, initiated with the takeovers of Oslo Børs VPS (2019) and Nord Pool (2020). By integrating VP Securities, Euronext scaled its Post-Trade division to represent 23% of its 2019 pro-forma revenue, significantly diversifying its income away from volatile trading volumes. The deal created a combined CSD network managing €2

Infront ASA agreed to acquire vwd Group from The Carlyle Group to create one of the largest financial technology and market data providers in Europe. The strategic rationale for the merger is the highly complementary nature of their product portfolios: Infront provides world-class "Front-Office" trading and real-time data solutions, while vwd contributes deep expertise in "Mid and Back-Office" functions, including portfolio management, regulatory compliance, and advisory tools. This integration allows the combined entity to offer a complete end-to-end platform for private wealth management and institutional investing

The acquisition of Fintrax (now renamed Planet Payment) by Eurazeo represents a strategic move to expand the investment company's portfolio in the financial services sector. The deal rationale is driven by Fintrax's strong growth potential, its leading position in the tax refund services market, and its solid business model. Eurazeo's investment in Fintrax is expected to accelerate the company's expansion plans, particularly in Asia, and enhance its service offerings to retailers and tourists. The acquisition also aligns with Eurazeo's focus on investing in high-growth companies with strong market positions and solid financials