M&A Deal Summary

Ingenico Acquires Ogone BVBA/SPRL

On January 29, 2013, Ingenico acquired internet software and services company Ogone BVBA/SPRL from Summit Partners for 360M USD

Acquisition Highlights
  • This is Ingenico’s 5th transaction in the Internet Software and Services sector.
  • This is Ingenico’s 3rd largest (disclosed) transaction.
  • This is Ingenico’s 1st transaction in Belgium.

M&A Deal Summary

Date 2013-01-29
Target Ogone BVBA/SPRL
Sector Internet Software and Services
Buyer(s) Ingenico
Sellers(s) Summit Partners
Deal Type Add-on Acquisition
Deal Value 360M USD

Target

Ogone BVBA/SPRL

Brussels, Belgium
Ogone is a European online payment service provider, delivering fully integrated solutions for managing electronic payments in several domains including e-commerce, ticketing and travel in both business-to-consumer and business-to-business environments.

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Buyer(S) 1

Buyer

Ingenico

Suresnes, France

Category Company
Founded 1980
Sector Financial Services
Employees7,610
Revenue 2.6B EUR (2018)
DESCRIPTION

Ingenico is a provider of payment solutions, enabling banks and merchants to manage their payment activities across all sales channels (in-store, on-line and mobile). Ingenico was founded in 1980 and is based in Suresnes, France.


DEAL STATS #
Overall 8 of 17
Sector: Internet Software and Services M&A 5 of 7
Type: Add-on Acquisition M&A Deals 6 of 13
Country: Belgium M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-07 Payment Solutions - PT Integra Pratama

Jakarta, Indonesia

Payment Solutions - PT Integra Pratama

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 GlobalCollect BV

Hoofddorp, Netherlands

GlobalCollect BV is a payment service provider of local e-payment solutions for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content.

Buy €820M

Seller(S) 1

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1984
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 164 of 298
Sector: Internet Software and Services M&A 9 of 31
Type: Add-on Acquisition M&A Deals 76 of 134
Country: Belgium M&A 1 of 2
Year: 2013 M&A 2 of 12
Size (of disclosed) 17 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Ob Hospitalist Group

Greenville, South Carolina, United States

Ob Hospitalist Group is a provider of 24/7 obstetric coverage, serving approximately 200 hospitals across 34 states. OBHG’s national network of over 1,100 skilled and dedicated obstetric physicians provides critical care while improving patient safety and clinical outcomes. The Company’s specialized services benefit patients, physicians, payors, community OB/GYN groups, and hospitals, and supports long‐term growth for its partners. Ob Hospitalist Group was founded in 2006 and is based in Greenville, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-12 Heart to Heart Hospice

Austin, Texas, United States

Heart to Heart Hospice provides individualized care in patients’ homes and also provides care for patients in nursing homes, assisted living facilities, hospitals and other residential facilities. Heart to Heart to Heart Hospice was founded in 2003 and is based in Austin, Texas.

Buy -