PLANET PAYMENT acquired by ADVENT INTERNATIONAL & EURAZEO

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.

In the past, the company had already been the subject of several LBOs, notably led by Exponent Private Equity in 2012 and Eurazeo in 2015. This succession of buyouts highlights the strong attractiveness of the company's business model.