M&A Deal Summary

Innova Capital Acquires PayPoint Services Romania

On October 20, 2020, private equity firm Innova Capital acquired financial services company PayPoint Services Romania from PayPoint

Acquisition Highlights
  • This is Innova Capital’s 7th transaction in the Financial Services sector.
  • This is Innova Capital’s 6th transaction in Romania.

M&A Deal Summary

Date 2020-10-20
Target PayPoint Services Romania
Sector Financial Services
Buyer(s) Innova Capital
Sellers(s) PayPoint
Deal Type Divestiture

Target

PayPoint Services Romania

Bucharest, Romania
PayPoint Services Romania is a cash payments operator through its network of branded terminals in local shops. PayPoint launched its cash payments service in Romania and has grown a substantial portfolio of supplier partners from a wide range of different industries. There are currently over 18.000 PayPoint terminals countrywide and the company has partnered with over 170 major suppliers of telecom, utilities, transportation, security, and financial services. PayPoint was founded in 2008 and is based in Bucharest, Romania.

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Buyer(S) 1

Buyer

Innova Capital

Warsaw, Poland

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.6B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Innova Capital is a private equity firm focused on investment opportunities in Central Europe. Innova generally looks to invest in businesses operating in Poland, Hungary, the Czech Republic, however the firm will also consider companies operating in bordering areas, such as the Nordic Countries, as well as Germany and Austria. Target sectors include business services, specialist media, financial services, and telecom. Innova seeks to commit between €25 to €40 million of equity capital per transaction. The Firm's investment horizon is three to five years. Innova Capital was formed in 1994 and is based in Warsaw, Poland.


DEAL STATS #
Overall 56 of 68
Sector (Financial Services) 7 of 7
Type (Divestiture) 3 of 4
Country (Romania) 6 of 8
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-11 Polskie ePłatności S.A.

Warszawa, Poland

Polish ePayment company involved in processing cashless payment and delivery of innovative business services, providing support for payment transactions using payment cards and performing other services through POS terminals.

Sell €405M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 STX Next

Poznan, Poland

STX Next is an European software house providing digital transformation services for global scaleups, SMEs and corporate clients. With over 400 IT professionals onboard, STX addresses end-to-end software cycle based on in-depth expertise, technology competence and continuous focus on service excellence. STX Next was founded in 2005 and is based in Poznan, Poland.

Buy -

Seller(S) 1

SELLER

PayPoint

Hertfordshire, United Kingdom

Category Company
Founded 1996
Sector Financial Services
DESCRIPTION

PayPoint plc operate market major national networks across 40,000 convenience stores in the UK and Romania so that our customers are always close to a PayPoint store. At these locations, as well as at home or on the move, people use us to better control their household finances, make essential payments and use in-store services, like parcel drop and collect.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Romania) 1 of 1
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-28 Appreciate Group

Liverpool, United Kingdom

Appreciate Group is a multi-retailer voucher and prepaid gift card business, focused on the corporate gift and Christmas savings markets and sales are generated through the internet, our direct sales force and agents. Appreciate Group was incorporated in 1967 and is based in Liverpool, the United Kingdom.

Buy -