PLANET PAYMENT acquired by EURAZEO
Context
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.
It is worth noting that the fund Exponent Private Equity took control of Planet Payment through an LBO in 2012.
PLANET PAYMENT, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.4x).
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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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with PLANET PAYMENT
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 10/2021 | ADVENT INTERNATIONAL / EURAZEO | PLANET PAYMENT | IRELAND | Fintech & Payments |
| 08/2012 | EXPONENT PRIVATE EQUITY | PLANET PAYMENT | IRELAND | Fintech & Payments |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 100M - 200M EUR
EBITDA range: 25M - 50M 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 EURAZEO 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: planet payment
Acquirer: eurazeo