M&A Deal Summary

Apollo Global Management Acquires Ingenico

On October 4, 2022, asset manager Apollo Global Management acquired financial services company Ingenico from Worldline

Acquisition Highlights
  • This is Apollo Global Management’s 8th transaction in the Financial Services sector.
  • This is Apollo Global Management’s 5th transaction in France.

M&A Deal Summary

Date 2022-10-04
Target Ingenico
Sector Financial Services
Buyer(s) Apollo Global Management
Sellers(s) Worldline
Deal Type Divestiture

Target

Ingenico

Paris, France
Ingenico is a provider of payment solutions, enabling banks and merchants to manage their payment activities across all sales channels (in-store, on-line and mobile). Ingenico was founded in 1980 and is based in Paris, France.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 127 of 140
Sector (Financial Services) 8 of 9
Type (Divestiture) 25 of 26
Country (France) 5 of 5
Year (2022) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 GI Alliance

Dallas, Texas, United States

GI Alliance is an independent gastroenterology practice in the US, measured both by provider count and by revenue, operating in Dallas, Fort Worth, Austin, San Antonio, Houston, and several metropolitan markets in Louisiana. GI Alliance was founded in 2018 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Parallel Infrastructure

Charlotte, North Carolina, United States

Parallel Infrastructure is a build-to-suit tower operator with nearly 500 macro cell towers across the US and several hundred more under contract or in late-stage development. The Company counts all major US wireless carriers as customers, including AT&T, Verizon, and T-Mobile, which lease space on towers under long-term contracts. Parallel Infrastructure is based in Charlotte, North Carolina.

Sell -

Seller(S) 1

SELLER

Worldline

Paris, France

Category Company
Founded 1973
Sector Financial Services
Employees18,271
Revenue 4.6B EUR (2023)
DESCRIPTION

Worldline is a provider of electronic payment and transactional services. Worldline was founded in 1973 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-29 Online Payment Platform

Delft, Netherlands

Online Payment Platform (OPP) is a Dutch online PSP that focuses on digital payments for marketplaces and platforms with a specific focus on the C2C segment. The company offers services in the entire European Union and the UK, passporting their Dutch PI license which they obtained in 2014. OPP serves over a hundred marketplaces and platforms, such as e-Bay Kleinanzeigen, Marktplaats (both part of Adevinta), Gumtree, Royal FloraHolland, and PayPal. OPP has strong expertise in customer support for marketplaces, including fast merchant onboarding and dispute management. Online Payment Platform was formed in 2011 and is based in Delft, Netherlands.

Buy -