M&A Deal Summary

Corpay Acquires Global Reach

On June 9, 2022, Corpay acquired financial services company Global Reach from Inflexion

Acquisition Highlights
  • This is Corpay’s 4th transaction in the Financial Services sector.
  • This is Corpay’s 6th transaction in the United Kingdom.

M&A Deal Summary
Date 2022-06-09
Target Global Reach
Sector Financial Services
Buyer(s) Corpay
Sellers(s) Inflexion
Deal Type Add-on Acquisition

Target

Global Reach

London, United Kingdom
Global Reach is a UK-based cross-border payments provider that serves customers of all sizes by facilitating international payments. Global Reach was founded in 2001 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Corpay

Atlanta, Georgia, United States
Category Company
Founded 1986
Sector Business Services
Employees10
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.

Corpay is a global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. Corpay was formed in 1986 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 29 of 36
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 17 of 24
Country (United Kingdom) 6 of 6
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-03 Levarti

London, United Kingdom

Levarti is an airline software platform company, that provides a suite of solutions that automate passenger disruptions including passenger notifications, flight re-bookings, hotel accommodations, transfers, and vouchers. Levarti was founded in 2014 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-03 Accrualify

San Mateo, California, United States

Accrualify is an accounts payable (AP) automation software company. Accrualify’s technology helps companies automate every step of the procure-to-pay (P2P) process, from purchase request to payment. Accrualify is based in San Mateo, California.

Buy -

Seller(S) 1

SELLER

Inflexion

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Inflexion is a private equity firm that specializes in investments in UK-based founder and family-owned businesses. Broad areas of interest include consumer products/services, business services, healthcare, industrials, technology, and financial services. The Firm's target investment size is £10 to £500 million. Inflexion was formed in 1999 and is based in London.

DEAL STATS #
Overall 46 of 61
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 19 of 29
Country (United Kingdom) 45 of 60
Year (2022) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 EcoOnline

London, United Kingdom

EcoOnline is a SaaS company developing software creating safer and sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline was founded in 2000 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-01 SteriPack

Mullingar, Ireland

SteriPack is a contract manufacturing and value-added service provider to the medical device and pharmaceutical (primarily drug-device combination products) industries. Serving some of the largest names in the medical device industry, the Company has experienced impressive customer retention and provides the highest quality and customer service. SteriPack is headquartered in Mullingar, Ireland.

Buy -
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