M&A Deal Summary

Edenred Acquires The Mint Group

On January 16, 2020, Edenred acquired financial services company The Mint Group

Acquisition Highlights
  • This is Edenred’s 1st transaction in the Financial Services sector.
  • This is Edenred’s 2nd transaction in United Arab Emirates.

M&A Deal Summary

Date 2020-01-16
Target The Mint Group
Sector Financial Services
Buyer(s) Edenred
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Edenred

Issy-les-Moulineaux, France

Category Company
Founded 1954
Sector Business Services
Employees12,320
Revenue 2.9B EUR (2024)
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 15 of 19
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 10 of 13
Country: United Arab Emirates M&A 2 of 2
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-13 Cooper Card Administradora de Cartões - Employee Benefits Operations

Maringá, Brazil

Cooper Card Administradora de Cartões Ltda. - Employee Benefits Operations is a provider of services and payments platform for people at work. It promotes healthy eating in order to enhance employee well-being and improve productivity.

Buy -