M&A Deal Summary

Edenred Acquires BenefitOnline.ro

On July 30, 2019, Edenred acquired internet software and services company BenefitOnline.ro

Acquisition Highlights
  • This is Edenred’s 3rd transaction in the Internet Software and Services sector.
  • This is Edenred’s 2nd transaction in Romania.

M&A Deal Summary
Date 2019-07-30
Target BenefitOnline.ro
Sector Internet Software and Services
Buyer(s) Edenred
Deal Type Add-on Acquisition

Target

BenefitOnline.ro

București, Romania
BenefitOnline.ro is a pioneer in developing employee engagement platforms in Romania. Benefit Online was the first company to locally develop an employee engagement platform, and today has more than 100,000 active users. BenefitOnline.ro uses the digital platform to give their employees the possibility to make an individualized selection of the employee benefits that they would like to receive, notably in the areas of food, leisure, and healthcare.

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Buyer(S) 1

Buyer

Edenred

Issy-les-Moulineaux, France
Category Company
Founded 1954
Sector Business Services
Employees11,008
Revenue 2.5B EUR (2023)
DESCRIPTION

Edenred is engaged in prepaid corporate services, designs and manages solutions that improve the efficiency of organizations and purchasing power to individuals. Edenred was founded in 1954 and is based in Issy-les-Moulineaux, France.

DEAL STATS #
Overall 14 of 19
Sector (Internet Software and Services) 3 of 5
Type (Add-on Acquisition) 9 of 13
Country (Romania) 2 of 2
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 Corporate Spending

Bonita Springs, Florida, United States

Corporate Spending is a provider of automated corporate payment software in North America. Capitalizing on its best-in-class, cloud-based accounts payable software, the company automates and streamlines B2B payments for its portfolio of more than 800 corporate clients, thereby facilitating payment to their 475,000 vendors. Corporate Spending was founded in 1989 and is headquartered in Bonita Springs, Florida.

Buy $620M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-16 The Mint Group

Dubai, United Arab Emirates

The Mint Group is the second-largest operator specializing in pay distribution and management for under- or unbanked workers in the United Arab Emirates. Mint Group is operating through three entities: Mint Middle East for different Card Management Programs including payroll cards under WPS programs, Mint Gateway for secured transaction processing of Acquiring and Issuing and Mint Electronic Payment Services for bill payments, POS solutions, and merchant acquisitions.

Buy -
Mergr

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