M&A Deal Summary

Planet Acquires Planet

On October 20, 2017, Planet acquired information technology company Planet for 219M EUR

Acquisition Highlights
  • This is Planet’s 1st transaction in the Information Technology sector.
  • This is Planet’s 0th largest (disclosed) transaction.
  • This is Planet’s 1st transaction in Ireland.

M&A Deal Summary
Date 2017-10-20
Target Planet
Sector Information Technology
Buyer(s) Planet
Deal Type Add-on Acquisition
Deal Value 219M EUR
Advisor(s) FTP Securities LLC (FT Partners) (Financial)
Goodwin Procter (Legal)

Target

Planet

Galway, Ireland
Planet is a provider of international payment processing and multi-currency processing services. Planet Payment provides services in 23 countries and territories across the Asia Pacific region, North America, the Middle East, Africa, and Europe, primarily through its 76 acquiring bank and processor customers. Its point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with its ATM services are integrated within the payment card transaction flow enabling its acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels. Planet was founded in 1985 and is based in Galway, Ireland.

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Buyer(S) 1

Buyer

Planet

Galway, Ireland

website

Category Company
Sector Financial Services
DESCRIPTION

Planet is a provider of VAT refund and dynamic currency conversion (“DCC”) services to retailers, governments, and financial institutions globally. Planet is based in Galway, Ireland.

DEAL STATS #
Overall 2 of 5
Sector (Information Technology) 1 of 3
Type (Add-on Acquisition) 2 of 5
Country (Ireland) 1 of 1
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 GB TaxFree

Chesham, United Kingdom

GB TaxFree Ltd. is a provider of tax free solutions to travelers and merchants to enable quick refund service. The company was founded in 2007 and is based in Chesham, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-18 3C Payment Luxembourg S.A.

Leudelange, Luxembourg

3C Payment enables payment, anytime anywhere, through one global solution. It makes easy for consumers to pay anyhow, anywhere, using highly secure specialized transaction flows that support the needs of clients. The services offer to cover the full transaction journey from integrated EMV hardware linked to hosted infrastructure and payment gateway services and include online and in-app online payment acceptance linked to onsite and ERP systems. 3C Payment is based in Leudelange, Luxembourg.

Buy -
Mergr

Product

Company

Legal