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.

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.