M&A Deal Summary

Nets Acquires Polskie ePłatności S.A.

On March 11, 2020, Nets acquired internet software and services company Polskie ePłatności S.A. from Innova Capital and OPTeam for 405M EUR

Acquisition Highlights
  • This is Nets’ 3rd transaction in the Internet Software and Services sector.
  • This is Nets’ largest (disclosed) transaction.
  • This is Nets’ 1st transaction in Poland.

M&A Deal Summary

Date 2020-03-11
Target Polskie ePłatności S.A.
Sector Internet Software and Services
Buyer(s) Nets
Sellers(s) Innova Capital
OPTeam
Deal Type Add-on Acquisition
Deal Value 405M EUR

Target

Polskie ePłatności S.A.

Warszawa, Poland
website
Polish ePayment company involved in processing cashless payment and delivery of innovative business services, providing support for payment transactions using payment cards and performing other services through POS terminals.

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Buyer(S) 1

Buyer

Nets

Ballerup, Denmark

website


Category Company
Founded 1968
Sector Financial Services
DESCRIPTION

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.


DEAL STATS #
Overall 6 of 6
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
Country (Poland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Nets Denmark AS - Corporate Services Businesses

Ballerup, Denmark

Nets Denmark AS - Corporate Services Businesses comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.

Sell €2.9B

Seller(S) 2

SELLER

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 1.1B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 25 of 27
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 9 of 10
Country (Poland) 18 of 19
Year (2020) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Optiplaza

Brasov, Romania

Optiplaza owns two retail chains of eyewear with 42 stores nationwide, i.e. Optiplaza and Optica Express, offering a wide range of products and brands. Most company’s sales come from the prescription glasses, contact lenses and eye care products followed by sunglasses. Optiplaza also sells optical products through its website. Optiplaza was founded in 2004 and is based in Brasov, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 PayPoint Services Romania

Bucharest, Romania

PayPoint Services Romania is a cash payments operator through its network of branded terminals in local shops. PayPoint launched its cash payments service in Romania and has grown a substantial portfolio of supplier partners from a wide range of different industries. There are currently over 18.000 PayPoint terminals countrywide and the company has partnered with over 170 major suppliers of telecom, utilities, transportation, security, and financial services. PayPoint was founded in 2008 and is based in Bucharest, Romania.

Buy -
SELLER

OPTeam

Tajęcina, Poland

website


Category Company
Founded 1988
Sector Information Technology
Revenue 76M PLN (2021)
DESCRIPTION

OPTeam S.A. is a provider of IT solutions for business, higher education and public institutions. The company manufactures and integrates systems using the technology of electronic cards. It implements and integrates IT solutions dedicated to market sectors such as industry, energy, construction, trade and services, public administration, medicine, and higher education. OPTeam was formed in 1988 and based in Taj?cina, Poland.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Poland) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-04 Polskie ePłatności S.A.

Warszawa, Poland

Polish ePayment company involved in processing cashless payment and delivery of innovative business services, providing support for payment transactions using payment cards and performing other services through POS terminals.

Buy -