M&A Deal Summary

EML Acquires Prepaid Financial Services

On November 11, 2019, EML acquired information technology company Prepaid Financial Services for 226M GBP

Acquisition Highlights
  • This is EML’s 1st transaction in the Information Technology sector.
  • This is EML’s 0th largest (disclosed) transaction.
  • This is EML’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2019-11-11
Target Prepaid Financial Services
Sector Information Technology
Buyer(s) EML
Deal Type Add-on Acquisition
Deal Value 226M GBP

Target

Prepaid Financial Services

London, United Kingdom
Prepaid Financial Services Ltd. is a payments technology specialist offering a comprehensive range of e-money and banking solutions including e-wallets, physical and virtual prepaid cards and current accounts in the UK and the Eurozone.

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Buyer(S) 1

Buyer

EML

Brisbane, Australia
Category Company
Founded 2003
Sector Financial Services
Employees486
Revenue 117M AUD (2020)
DESCRIPTION

EML offers innovative payment technology solutions for payouts, gifts, incentives, rewards, and supplier payments. Company issue mobile, virtual and physical card solutions to some of the largest corporate brands around the world, process billions of dollars in payments each year, and manage more than 850 programs across Australia, Europe and North America. We issue payments in five currencies: USD, CAD, EUR, GBP and AUD. Our onsite technical and customer service teams offer support in five languages, with 24/7 support in English and French. EML was founded in 2003 and is based in Brisbane, Australia.

DEAL STATS #
Overall 3 of 4
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 3 of 4
Country (United Kingdom) 2 of 2
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-20 Flex-E-Vouchers

Newcastle upon Tyne, United Kingdom

Flex-E-Vouchers Ltd. is a FinTech company providing the shopping mall sector with gift card solutions, servicing 226 shopping centers under contract through Europe (principally the United Kingdom, Ireland, Poland, Italy, and Finland), and the United Arab Emirates.

Buy £22M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Nuapay

Maynooth, Israel

Nuapay is a cloud-native, API-first, full-stack enterprise-grade payments company, processing 45 billion Euro per annum and is dually regulated in the United Kingdom and France. Nuapay was founded in 2003 and is based in Maynooth, Israel.

Buy €70M
Mergr

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