M&A Deal Summary

Mediterra Capital Acquires PayCore

On October 12, 2020, private equity firm Mediterra Capital acquired financial services company PayCore

Acquisition Highlights
  • This is Mediterra Capital’s 1st transaction in the Financial Services sector.
  • This is Mediterra Capital’s 6th transaction in Turkey.
Investment Fate
  • PayCore was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2020-10-12
Target PayCore
Sector Financial Services
Buyer(s) Mediterra Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

PayCore

Istanbul, Turkey
PayCore provides innovative, end-to-end payment technology solutions to banking, telecom, payment service provider, personalization office, government, transportation, and retail sectors. Paycore, which has more than 30 awards locally and internationally in the areas of card software packages, digital payment solutions, smart city applications, EMV solutions, and secure hardware services, is a technology solution partner to more than 150 clients in over 35 countries. PayCore was formed in 2001 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Mediterra Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2011
PE ASSETS 330M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mediterra Capital is a private equity firm focused on small to mid-sized companies in Turkey. The Firm typically commits €15 to €60 million per transaction to support growth, generational transitions, management buy-outs and buy-ins, and share sales. Mediterra considers businesses valued between €25 and €200 million in the consumer, business services, export manufacturing, capital goods, and information technology industries. The Firm prefers control positions, or significant minority positions in partnership with management. Mediterra Capital is headquartered in St. Peter Port, United Kingdom.


DEAL STATS #
Overall 6 of 10
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 5 of 7
Country: Turkey M&A 6 of 10
Year: 2020 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-01 Mobiliz Bilgi ve İletisim Teknolojileri A.S.

Ankara, Turkey

Mobiliz Bilgi ve İletisim Teknolojileri A.S. is an expert in tracking systems with its reliable and lean service, fast and innovative service understanding that cares about the needs of its customers, creates added value in many areas of life with its systems that benefit every sector from energy to health, finance to construction, cold food chain to transportation, and strong sales and sales. adds value to brands with its after-service network. Mobiliz was formed in 2004 and is based in Ankara, Turkey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Dürümle

Ankara, Turkey

Dürümle is a wrap restaurant chain in shopping malls in Turkey. Dürümle was founded in 2017 and is based in Ankara, Turkey.

Buy -