M&A Deal Summary

PayPal Acquires Braintree Payment Solutions

On September 26, 2013, PayPal acquired financial services company Braintree Payment Solutions for 800M USD

Acquisition Highlights
  • This is PayPal’s 1st transaction in the Financial Services sector.
  • This is PayPal’s 5th largest (disclosed) transaction.
  • This is PayPal’s 5th transaction in the United States.
  • This is PayPal’s 1st transaction in Illinois.

M&A Deal Summary
Date 2013-09-26
Target Braintree Payment Solutions
Sector Financial Services
Buyer(s) PayPal
Deal Type Add-on Acquisition
Deal Value 800M USD
Advisor(s) Choate Hall & Stewart (Legal)

Target

Braintree Payment Solutions

Chicago, Illinois, United States
Braintree Payment Solutions LLC provides credit card payment processing solutions for businesses in the United States and internationally.

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Buyer(S) 1

Buyer

PayPal

San Jose, California, United States
Category Company
Founded 1998
Sector Financial Services
Employees27,200
Revenue 29.8B USD (2023)
DESCRIPTION
Entrance to PayPal's corporate headquarters in San Jose, California.
Entrance to PayPal's corporate headquarters in San Jose, California.

PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.

DEAL STATS #
Overall 6 of 21
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 6 of 20
State (Illinois) 1 of 2
Country (United States) 5 of 14
Year (2013) 3 of 4
Size (of disclosed) 5 of 11
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Mergr

Product

Company

Legal