At what enterprise value was MARKET PAY acquired in 2020?

During the acquisition of MARKET PAY by ANACAP FINANCIAL PARTNERS in 2020, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Financial Services industry currently tracks an average EBITDA multiple of 12.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MARKET PAY when it was acquired by ANACAP FINANCIAL PARTNERS?

The estimated EV/EBITDA multiple for MARKET PAY is in the range of 15x - 25x. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 12.6x. Join our community for free to access full valuation data and industry trends.

When was MARKET PAY acquired by ANACAP FINANCIAL PARTNERS?

MARKET PAY was acquired by ANACAP FINANCIAL PARTNERS in 2020.

What was the revenue of MARKET PAY at the time of the deal?

The revenue of MARKET PAY at the time of the deal is estimated to be in the range of 25M - 50M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MARKET PAY during the acquisition?

MARKET PAY's EBITDA is estimated to be in the range of 10M - 30M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MARKET PAY acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MARKET PAY deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.carrefour.com/fr/news/carrefour-cede-60-de-sa-fintech-market-pay-anacap-financial-partners-sur-la-base-dune-valeur

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Home Database Financial ServicesMARKET PAY

10/2020

MARKET PAY acquired by ANACAP FINANCIAL PARTNERS

FRANCE Fintech & Payments EV 300M - 700M EUR

Context

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. By incorporating institutional capital and specialized sector expertise, the organization reinforces its ability to capture new clients among physical distributors and e-commerce merchants. The partnership is designed to leverage the target’s proven technical operational depth and stable transaction volume to fuel an ambitious expansion strategy. This integration facilitates the professionalization of the firm’s management structure while allowing the founding retail group to remain a significant minority shareholder and strategic partner. The move solidifies the group’s standing as a primary enabler of omnichannel payment transformation in the European digital landscape.

MARKET PAY, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Financial Services sector (12.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Market Pay is a specialized technology organization operating as a comprehensive omnichannel payment platform. Originally incubated within a global retail leader, the entity’s business model is centered on a unified framework that integrates physical point-of-sale (POS) terminals, e-commerce payment gateways, and proprietary credit card management solutions. Its value proposition is anchored in technical operational depth, managing high-volume transaction environments and providing seamless payment experiences across diverse retail touchpoints. Strategically, the firm focuses on the industrialization of payment acceptance for large-scale distributors while developing scalable software-as-a-service (SaaS) solutions for the wider merchant market. By maintaining a robust infrastructure that handles billions of annual transactions, the organization ensures a mission-critical role in the digital and physical commerce ecosystem. The entity prioritizes technical innovation in mobile payments and data-driven fraud prevention to facilitate the structural evolution of the European financial services landscape.

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Similar deals in Financial Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
10/2022	PARTNERS GROUP	TELEPASS	ITALY	Fintech & Payments	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
10/2021	ADVENT INTERNATIONAL / EURAZEO	PLANET PAYMENT	IRELAND	Fintech & Payments	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
11/2020	NEXI	NETS	DENMARK	Fintech & Payments	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
10/2020	THE CARLYLE GROUP	CALASTONE	UNITED KINGDOM	Fintech & Payments	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
08/2020	EURONEXT	VP SECURITIES	DENMARK	Fintech & Payments	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)
04/2019	INFRONT	VEREINIGTE WIRTSCHAFTSDIENSTE VWD GROUP	GERMANY	Fintech & Payments	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
11/2015	EURAZEO	PLANET PAYMENT	IRELAND	Fintech & Payments	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
03/2014	ADVENT INTERNATIONAL / ATP PEP / BAIN CAPITAL	NETS	DENMARK	Fintech & Payments	The deal involves the acquisition of 100% of the share capital of Nets by a consortium consisting of Advent International, ATP, and Bain Capital Private Equity. The strategic rationale behind the deal is to provide Nets with a new owner that has the expertise, commitment, and financial resources to develop the business in a rapidly changing payments industry
09/2013	CVC	SKRILL GROUP	UNITED KINGDOM	Fintech & Payments	CVC Capital Partners has agreed to acquire a controlling stake in Skrill Group from Investcorp. Investcorp, which had originally backed the company in 2007, will retain a substantial minority stake and a board seat, signaling continued conviction in the company's future
08/2012	EXPONENT PRIVATE EQUITY	PLANET PAYMENT	IRELAND	Fintech & Payments	The acquisition of Fintrax Group (now Planet Payment) Holdings Ltd by Exponent Private Equity marks a significant milestone in the company's history. The deal is driven by Exponent's strategic rationale of investing in high-growth companies with strong market positions

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MARKET PAY by ANACAP FINANCIAL PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Acquirer: anacap financial partners