At what enterprise value was NETS acquired in 2020?

During the acquisition of NETS by NEXI in 2020, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR.

What was the EV/EBITDA of NETS when it was acquired by NEXI?

The estimated EV/EBITDA multiple for NETS is in the range of 5x - 12x.

When was NETS acquired by NEXI?

NETS was acquired by NEXI in 2020.

What was the revenue of NETS at the time of the deal?

The revenue of NETS at the time of the deal is estimated to be in the range of 1b - 3b EUR.

What was the EBITDA of NETS during the acquisition?

NETS's EBITDA is estimated to be in the range of 1b - 3b EUR.

How is the data for the NETS 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 NETS 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.nexigroup.com/en/investor-relations/results-and-reports/mergers-acquisitions-deals/2020/nexi-nets/

What is the average EV/EBITDA multiple for the Financial Services sector in 2026?

The average EV/EBITDA multiple for the Financial Services sector in 2026 is 12.4x.

← DATABASE

Home Database Financial ServicesNETS

11/2020

NETS acquired by NEXI

DENMARK Fintech & Payments EV 3b - 100b EUR

Context

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 deal leverages a best-of-breed technology platform with over EUR 300 million in annual innovation spend and >3,000 tech specialists. Market implications suggest a major acceleration of the European payments consolidation trend, establishing a uniquely resilient platform with diversified geographic exposure and leadership in both advanced Nordic and fast-growing Southern European markets. The transaction is expected to close in Q2 2021, following regulatory approvals, and will be executed as an all-share merger, with Nets' shareholders receiving 406.6 million new Nexi shares.

It is worth noting that the fund Advent International / Atp Pep / Bain Capital took control of Nets through an LBO in 2014.

NETS, which reported an EBITDA margin of in 2020, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Financial Services sector (12.4x).

-> Deep-dive in Financial Services market trends

Target

Nets is a leading Northern European provider of payments, information, and digital identity solutions. Founded in 1968, the company has a strong history of securely handling payments transactions. With its headquarters in Copenhagen, Nets employs 2,600 employees in five countries, including Denmark, Norway, Finland, Sweden, and Estonia. The company connects banks, merchants, and businesses through its network, handling more than 6 billion card transactions and supporting over 33 million payment cards and 500,000 merchants in the Nordics. Nets' business model revolves around providing sector solutions, such as Dankort and BankAxept, and ensuring the continuity of its services through long-term contracts. The company's commitment to operational reliability and rigorous data protection has earned it a reputation as a trusted service provider to the majority of the Danish, Norwegian, and Finnish populations.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with NETS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2014	ADVENT INTERNATIONAL / ATP PEP / BAIN CAPITAL	NETS	DENMARK	Fintech & Payments

REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 1b - 3b EUR

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: nets

Acquirer: nexi