M&A Deal Summary

MasterCard Acquires Provus Bilisim Hizmetleri A.S.

On October 10, 2013, MasterCard acquired business services company Provus Bilisim Hizmetleri A.S. from Innova Capital

Acquisition Highlights
  • This is MasterCard’s 1st transaction in the Business Services sector.
  • This is MasterCard’s 1st transaction in Turkey.

M&A Deal Summary

Date 2013-10-10
Target Provus Bilisim Hizmetleri A.S.
Sector Business Services
Buyer(s) MasterCard
Sellers(s) Innova Capital
Deal Type Add-on Acquisition

Target

Provus Bilisim Hizmetleri A.S.

Istanbul, Turkey
Provus was founded in 2001 in order to provide outsourcing services to banks regarding card, POS and ATM operations.

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Buyer(S) 1

Buyer

MasterCard

Purchase, New York, United States

Category Company
Founded 1966
Sector Financial Services
Employees35,300
Revenue 28.2B USD (2024)
DESCRIPTION

MasterCard is a payments solutions company that provides a family of well-known, widely-accepted payment card brands including MasterCard, Maestro and Cirrus and serves consumers, financial institutions, and businesses in over 210 countries and territories worldwide. MasterCard was founded in 1966 and is based in Purchase, New York.


DEAL STATS #
Overall 5 of 28
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 4 of 23
Country: Turkey M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-06 Truaxis

San Carlos, United States

Truaxis, Inc. is a provider of loyalty rewards and personalized statement solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-24 C-SAM

Oakbrook Terrace, Illinois, United States

C-SAM envisions a world where every transaction, from making a mortgage payment to buying groceries, from paying a cabby to buying a movie ticket, from paying for parking to buying goods off vending machines, from sending personal health information to getting a diagnostic test-kit, and from filing an expense report to voting for representatives in public office, is done by clicking a few buttons on your mobile phones.

Buy -

Seller(S) 1

SELLER

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 14 of 30
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 12
Country: Turkey M&A 1 of 1
Year: 2013 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-01 EnergoBit Group

Cluj-Napoca, Romania

EnergoBit Group is an engineering group focused on provision of services and products for Low, Medium and High Voltage networks. The Group includes 11 companies providing a very broad spectrum of electricity products and services, with core competences in design, engineering, turnkey project management and maintenance services. It also includes two production facilities. The company’s business model facilitates dynamic growth, supports competitiveness and enables to penetrate most attractive markets segments like renewables. EnergoBit Group is based in Cluj-Napoca, Romania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 GTS Central Europe

Warszawa, Poland

GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.

Sell €546M