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M&A Deal Summary

EQT Acquires Banking Circle

On July 9, 2018, private equity firm EQT acquired information technology company Banking Circle from Saxo Bank

Acquisition Highlights
  • This is EQT’s 12th transaction in the Information Technology sector.
  • This is EQT’s 1st transaction in Luxembourg.

M&A Deal Summary
Date 2018-07-09
Target Banking Circle
Sector Information Technology
Buyer(s) EQT
Sellers(s) Saxo Bank
Deal Type Divestiture

Target

Banking Circle

Luxembourg, Luxembourg
Banking Circle is a next-generation provider of mission-critical infrastructure for cross-border payment processing, offering reduced complexity, time, and cost. The company uses direct clearing access through blue-chip partner banks to serve the fast-growing online payment processing provider market. Banking Circle was founded in 2013 and is based in Luxembourg.

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Buyer(S) 1

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.

DEAL STATS #
Overall 190 of 318
Sector: Information Technology M&A 12 of 26
Type: Divestiture M&A Deals 40 of 52
Country: Luxembourg M&A 1 of 1
Year: 2018 M&A 10 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-09 Sportradar

St. Gallen, Switzerland

Sportradar is a partner for the sports betting and media industry. Sportradar provides sports data services to the bookmaking world with its brand Betradar and to the international media with its brand Scoreradar. Sportradar was founded in 2001 and is based in St. Gallen, Switzerland.

Sell $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Saur

Issy-les-Moulineaux, France

Saur is a drinking and wastewater management company focused on small/mid-sized cities across France. The company is also active internationally, particularly in Iberia, Saudi Arabia, and Poland. Saur was founded in 1933 and is based in Issy-les-Moulineaux, France.

Buy -

Seller(S) 1

SELLER

Saxo Bank

Copenhagen, Denmark
Category Company
Founded 1992
Sector Financial Services
DESCRIPTION

Saxo Bank is a provider of multi-asset electronic trading solutions for retail and institutional investors globally. Saxo Bank was formed in 1992 and is based in Copenhagen, Denmark.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Luxembourg M&A 1 of 1
Year: 2018 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 BinckBank

Amsterdam, Netherlands

BinckBank is an online bank for investors that provides a comprehensive, user-friendly website that allows private investors to invest easily and quickly anywhere in the world at competitive rates. BinckBank is based in Amsterdam, Netherlands.

Buy -
Mergr

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