M&A Deal Summary

Nets Acquires Concardis

On January 7, 2019, Nets acquired information technology company Concardis from Advent International and Bain Capital Private Equity

Acquisition Highlights
  • This is Nets’ 2nd transaction in the Information Technology sector.
  • This is Nets’ 1st transaction in Germany.

M&A Deal Summary
Date 2019-01-07
Target Concardis
Sector Information Technology
Buyer(s) Nets
Sellers(s) Advent International
Bain Capital Private Equity
Deal Type Merger

Target

Concardis

Eschborn, Germany
Concardis is a payment service provider that offers intelligent solutions to meet the extensive requirements for a modern cashless payment process the ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management. Concardis was founded in 2003 and is based in Eschborn, Germany.

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Buyer(S) 1

Buyer

Nets

Ballerup, Denmark
Category Company
Founded 1968
Sector Financial Services
DESCRIPTION

Nets is a payments processing utility for the Nordics region. Nets connects banks, businesses, public sector organizations, merchants and consumers through an international network facilitating digital payments. Nets was founded in 1968 and is based in Ballerup, Denmark.

DEAL STATS #
Overall 6 of 7
Sector (Information Technology) 2 of 2
Type (Merger) 1 of 1
Country (Germany) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-16 Storebox ApS

Copenhagen, Denmark

Storebox ApS a Denmark-based provider of digital receipt solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Nets Denmark AS - Corporate Services Businesses

Ballerup, Denmark

Nets Denmark AS - Corporate Services Businesses comprises the clearing and instant payment services, and e-billing solutions of Nets’ Corporate Services business.

Sell €2.9B

Seller(S) 2

SELLER

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 181 of 222
Sector (Information Technology) 9 of 14
Type (Merger) 6 of 10
Country (Germany) 13 of 16
Year (2019) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-07 Aimbridge Hospitality

Plano, Texas, United States

Aimbridge Hospitality is an independent hotel investment and management firm. Aimbridge Hospitality offers an unrivaled track record of creating and maximizing asset value and holds an enviable position as an exclusive management company approved to operate all brands within the Marriott, Hilton, Hyatt, Starwood, Wyndham, and InterContinental systems as well as their respective newly launched soft brands. Aimbridge Hospitality was founded in 2003 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 Prisma Medios de Pago

Buenos Aires, Argentina

Prisma Medios de Pago is a provider of payment technology solutions, enabling connections between financial institutions, merchants, and consumers by developing high-quality and secure solutions across the whole payments value chain. Prisma Medios de Pago was founded in 1983 and is based in Buenos Aires, Argentina.

Buy -
SELLER

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 120 of 147
Sector (Information Technology) 3 of 7
Type (Merger) 10 of 11
Country (Germany) 7 of 7
Year (2019) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-23 Dealer Tire

Cleveland, Ohio, United States

Dealer Tire is a value-added distributor that equips and assists automobile dealers in the sale of replacement tires and other automotive parts to end consumers. It serves more than 10,000 automotive dealerships from nearly 40 distribution centers. Dealer Tire was founded in 1999 and is based in Cleveland, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 US Renal Care

Plano, Texas, United States

US Renal Care is a provider of outpatient treatment centers for persons suffering from chronic and acute renal disease. The company serves more than 25,000 patients in 335 dialysis facilities in 32 states and the Territory of Guam. US Renal Care was founded in 2000 and is based in Plano, Texas.

Buy -
Mergr

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