M&A Deal Summary

Param Acquires PayCore

On August 1, 2023, Param acquired financial services company PayCore from Mediterra Capital

Acquisition Highlights
  • This is Param’s 1st transaction in the Financial Services sector.
  • This is Param’s 1st transaction in Turkey.

M&A Deal Summary
Date 2023-08-01
Target PayCore
Sector Financial Services
Buyer(s) Param
Sellers(s) Mediterra Capital
Deal Type Add-on Acquisition

Target

PayCore

Istanbul, Turkey
website
PayCore provides innovative, end-to-end payment technology solutions to banking, telecom, payment service provider, personalization office, government, transportation, and retail sectors. Paycore, which has more than 30 awards locally and internationally in the areas of card software packages, digital payment solutions, smart city applications, EMV solutions, and secure hardware services, is a technology solution partner to more than 150 clients in over 35 countries. PayCore was formed in 2001 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Param

Istanbul, Turkey

website

Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Param is an electronic money institution. It offers services to a wide range of individual and corporate customers such as electronic money, prepaid cards, physical and virtual POS, e-wallets. Param was formed in 2014 and is based in Istanbul, Turkey.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Turkey) 1 of 1
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-16 Twisto

Prague, Czech Republic

Twisto is a payment app for the mobile-first era. Connected with a Mastercard and Apple Pay-compatible, the Twisto account enables customers to pay for their online purchases with just one click, deal with bills and invoices by taking a photo of them within the app, and pay just about anywhere else with the card, a unique payment bracelet or Apple Pay. Twisto was formed in 2013 and is based in Prague, Czech Republic.

Buy -

Seller(S) 1

SELLER

Mediterra Capital

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2011
PE ASSETS 330M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mediterra Capital is a private equity firm focused on small to mid-sized companies in Turkey. The Firm typically commits €15 to €60 million per transaction to support growth, generational transitions, management buy-outs and buy-ins, and share sales. Mediterra considers businesses valued between €25 and €200 million in the consumer, business services, export manufacturing, capital goods, and information technology industries. The Firm prefers control positions, or significant minority positions in partnership with management. Mediterra Capital is headquartered in St. Peter Port, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (Turkey) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-06 Zero Density

Izmir, Turkey

Zero Density is a provider of software solutions dedicated to develop creative products for the industries such as broadcasting, live events and e-sports. Zero Density offers the next level of production with real-time visual effects. It provides Unreal Engine native platform, Reality Engine , with advanced real-time broadcast compositing system and its proprietary keying technology, Reality Keyer. Zero Density was founded in 2014 and is based in Izmir, Turkey.

Buy -
Mergr

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