March 16, 2014
Driven by the accelerated growth and optimistic future outlook of non-cash payment industry, increasing number of PE investors are acquiring companies in this space.
In the first two month of 2014, 14 transactions with total disclosed value of $181m took place. 13 were domestic transactions and one was cross border transaction with 12 in US and one each in France, and Malaysia.
Key highlights include deals by PE / VC firms (like HandsOn3 LLC, Union First, and Ardian) of companies in transaction processing, and payment gateways category (including Banctec, MOL AccessPortal, and The Payments Company)
Note: Domestic transactions – Target and bidder companies are from same country; Cross border – Target and bidder companies are from different countries
PE and VC deals in payment industry in January-February 2014Date Target Target description Target Category Bidder 26/02/2014 Kahuna ...