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10/2021

PLANET PAYMENT

Acquired by

ADVENT INTERNATIONAL & EURAZEO

IRELAND Fintech & Payments EV 1b - 4b EUR

Context

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 partnership between Advent and Eurazeo will bring significant expertise and resources to Planet, enabling the company to drive growth and value creation in the years to come. The deal is a testament to the growing importance of digital payments and the need for companies to have a robust and innovative payment strategy in place. With the backing of Advent and Eurazeo, Planet is poised to capitalize on the trends shaping the payments industry and to continue its trajectory of growth and expansion.

PLANET PAYMENT, which reported an EBITDA margin of LOGIN in 2019, 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 (13.9x).

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

Planet Payment is a global integrated payments leader, providing a unique single platform that offers acquiring, processing, digital wallets, VAT refund, and currency conversion services to merchants in the Retail, Hospitality, Food & Beverage, Parking, and Financial sectors. The company serves 600,000 merchants and 100 partner banks across more than 70 markets on five continents. With a strong presence in the digital payments industry, Planet Payment helps businesses meet the needs of their customers by simplifying complex payments. The company's services enable people to spend freely, making it a key player in the global payments ecosystem. Planet Payment's platform is designed to handle a wide range of payment services, including acquiring, processing, and currency conversion, making it a one-stop-shop for merchants looking to expand their payment capabilities. With a global reach and a commitment to innovation, Planet Payment is well-positioned to continue growing and evolving in the rapidly changing payments landscape.

Ent. Value

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Historical Financials (EUR)

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Other operations with PLANET PAYMENT

DateAcquirerTargetCountrySectorDeal Context
PLANET PAYMENTIRELANDFintech & 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. 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. The deal is expected to create synergies between Fintrax and Eurazeo's existing portfolio companies, particularly in the travel and tourism sector. With its expertise in the luxury, travel, and leisure sectors, Eurazeo is well-positioned to support Fintrax's future growth and development. The acquisition is also expected to provide Fintrax with access to Eurazeo's international network, particularly in China and Brazil, which will enable the company to expand its services to new markets.

PLANET PAYMENTIRELANDFintech & 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. Fintrax's expertise in multicurrency payments, VAT refunds, and credit card processing aligns with Exponent's focus on backing companies with unique strengths and competitive advantages. The acquisition is expected to propel Fintrax onto the next stage of its growth and development plan, with Exponent providing strategic support and resources to help the company expand its services and reach new markets. The deal also highlights the growing demand for payment services in the tourism sector, driven by the dramatic growth in BRICS tourism. With Exponent's backing, Fintrax is well-positioned to capitalize on this trend and further establish itself as a leading provider of payment services to overseas visitors and international organisations. The acquisition is also expected to drive synergies between Fintrax and Exponent's other portfolio companies, creating opportunities for cross-selling and collaboration. Overall, the deal is a strategic move by Exponent to invest in a high-growth company with strong market potential, and is expected to drive long-term value creation for both Fintrax and Exponent.

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of PLANET PAYMENT by ADVENT INTERNATIONAL / EURAZEO 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: planet payment

Acquirer: eurazeo / advent international