At what enterprise value was NETS acquired in 2020?

During the acquisition of NETS by NEXI in 2020, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b 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 14.0x, providing a valuable benchmark for this transaction.

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. For comparison, the Financial Services sector currently shows an average EBITDA multiple of 14.0x. Join our community for free to access full valuation data and industry trends.

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. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NETS during the acquisition?

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

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Home Database Financial ServicesNETS

11/2020

NETS

Acquired by

NEXI

DENMARK Fintech & Payments EV 3b - 100b EUR

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.

NETS, which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Financial Services sector (14.0x).

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

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.

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2019

Other operations with NETS

Date	Acquirer	Target	Country	Sector	Deal Context
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. The consortium's investment in Nets is expected to create substantial value for the company's stakeholders, while allowing it to realize its ambitious strategy and maintain its strong Nordic identity. The deal is subject to regulatory approvals and is expected to close in the second quarter of 2014. The consortium's long-term perspective and commitment to investing in and supporting Nets' growth and development are expected to have a positive impact on the company's future prospects. The deal also highlights the importance of clear governance and streamlined decision-making in the payments industry, where scale, efficiency, innovation, and technology capabilities are key success factors.

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

Press release: view release

Target: nets

Acquirer: nexi