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Payments Industry Mergers & Acquisitions Half-Yearly Update, July-Dec 2013

[caption id='attachment_4647' align='alignnone' width='673'] Payments Industry M&A Half-Yearly Update, July-Dec, 2013[/caption]

Today, in the age of technology, disruptive innovation is happening in the payments industry at the cusp of Banking, Retail, Money, Technology and Advertising industries. Cashless transactions have become the talk of the town with several new companies entering into this industry every day to become a part of the growth story. Payments Industry M&A remained quite active across different classes of investors.

Second half of 2013 saw some big acquisitions in this space by PE firms. For e.g. CVC Capital Partners’s $600m acquisition of online payment player Skrill Holdings Limited; and Bain Capital LLC and Advent International Corporation’s acquisition of UK based Worldpay Limited, a transaction processing company.

In the last six months of CY2013, 54 M&A deals happened across 25 countries with a total disclosed value of $2,836m. Of these 23 deals took place in Americas, 18 in Europe,11 in Asia Pacific, and 2 in Africa. 33 transactions were domestic and 21 were cross border acquisitions.

This article consists of 5 months (July, Aug, Sep, Oct, and Nov) of data and analysis while the month of December can be accessed in the following link Payment Industry M&A Monthly Update, December 2013

M&As in payment industry: July– Nov 2013

(Also read the Rationale behind each deal, at the end of this table)

Date Target (HQ) Target description Bidder (HQ) Deal value (U$ Mn) 29/11/13 BTI Payments Private Limited (India) Provides payments gateway services including ATM managed services, POS deployment and processing services ICICI Ventures: India Advantage Fund Series 3 (India)

22

27/11/13 Worldpay Limited (UK) Provides a globally connected, locally coordinated payment processing service for big and small businesses Bain Capital LLC; Advent International Corporation (US; US)

261

27/11/13 Aprisma Indonesia PT (Indonesia) Offers transaction-based software platform and provides solutions in the field ofonline- and mobile banking, mobile tokenization tools, and online payment Wirecard AG (Germany)

120

26/11/13 Prizm Payment Services Private Limited (India) Provides end to end Electronic Payment Services across various channels including ATMs, POS, M-POS, and Emerging Payments to banks and financial institutions in India Hitachi Ltd (Japan)

n.a.

06/11/13 Portmone LLC (Ukraine) Provides online payment system and services which allows clients to make payments with their credit and debit cards. Company offers a wide variety of payment options (gateways) for clients Including its web-site, banks’ web-sites, billers’ web-sites, mobile devices, ATMs, and other Europe Virgin Fund L.P (Ukraine)

n.a.

06/11/13 nCourt LLC (US) Provides online and by phone payment solutions for municipal and county courts. The company serves more than 2,000 government partners across the US by providing payment options for traffic citations, property taxes, utilities and court fines, among other services Mainsail Partners (US)

n.a.

31/10/13 Southern View Finance Ltd (Bermuda) Offers mobile banking and money transfer facilities Capital Partners Group Holding Limited (Luxembourg,Mauritius)

19

29/10/13 Perka Inc. (US) Provides smart-phone-based loyalty programs that merchants can offer to their customers Including the Perka Punchcard and Perka Flexpoints for retailers and sit-down restaurants First Data Corporation (US)

30

28/10/13 Threshold Financial Technologies Inc. (Canada) Provides outsourced transaction switching and processing, automated banking machine (ABM) management, EFT processing and ATM solutions DirectCash Payments Inc. (Canada)

50

28/10/13 Coiney Inc. (Japan) Provides mobile payments processing solutions using swipe card readers for smartphones Innovation Network Corporation of Japan (Japan)

8

22/10/13 FLASHiZ (Luxembourg) Provides mobile payment solutions using both QR codes and NFC to enable consumers to pay in shops, online, make peer-to-peer transfers and pay paper invoices FEXCO; BNP Paribas Personal Finance (France; Ireland (Republic))

n.a.

21/10/13 InteliSpend Prepaid Solutions LLC (US) Offers business-to-business reward solutions for corporate incentive and consumer promotions programs Blackhawk Network Holdings Inc. (US)

n.a.

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