M&A Deal Summary

PayPal Acquires Paidy

On September 7, 2021, PayPal acquired internet software and services company Paidy from Eight Roads for 300.0B JPY

Acquisition Highlights
  • This is PayPal’s 10th transaction in the Internet Software and Services sector.
  • This is PayPal’s 2nd largest (disclosed) transaction.
  • This is PayPal’s 1st transaction in Japan.

M&A Deal Summary

Date 2021-09-07
Target Paidy
Sector Internet Software and Services
Buyer(s) PayPal
Sellers(s) Eight Roads
Deal Type Add-on Acquisition
Deal Value 300.0B JPY
Advisor(s) Goldman Sachs (Financial)
Cooley
Mori Hamada & Matsumoto (Legal)

Target

Paidy

Tokyo, Japan
Paidy is a platform for consumers to pay at online stores using only their name and email address. It is optimized for mobile and instant-checkout, Paidy allows consumers to buy online and does not require a credit card or pre-registration. Paidy was founded in 2008 and is based in Tokyo, Japan.

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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 20 of 21
Sector (Internet Software and Services) 10 of 10
Type (Add-on Acquisition) 20 of 20
Country (Japan) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-08 Curv

Tel-Aviv, Israel

Curv is a global trusted provider of digital asset security technology that is delivered as a fully scalable, enterprise-grade and compliant cloud service. Curv's multi-party computation (MPC) technology simultaneously provides institutions the protection, instant availability and total autonomy over digital assets required to thrive in the digital economy.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 shopware

Schöppingen, Germany

shopware is a digital commerce software solutions provider that is highly flexible and has a rich set of features, supporting complex B2C, D2C, B2B, and services-driven business models. shopware was founded in 2000 and is headquartered in Schöppingen, Germany.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Eight Roads is a private investment firm focused on a variety of investment opportunities across the US, Europe, and Asia. The Firm is divided into several investment strategies including venture, principal investing, and real estate. Within the principal investments group, Eight Roads backs established growth businesses with long-term capital. Eight Roads does not have any sector preferences, but has experience in fintech, business services, and healthcare. Eight Roads is based in London.


DEAL STATS #
Overall 83 of 98
Sector (Internet Software and Services) 16 of 21
Type (Add-on Acquisition) 35 of 45
Country (Japan) 7 of 7
Year (2021) 16 of 25
Size (of disclosed) 1 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Silexon

Nanjing, China

Silexon is an emerging AI-empowered technology company which aims to create an open AI platform for strategic collaboration in order to facilitate data-driven life science research and empower drug R&D process, and ultimately provide patients with greater access to innovative drugs for unmet medical needs. Silexon was founded in 2018 and is based in Nanjing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 MineralTree

Waltham, Massachusetts, United States

MineralTree is a provider of accounts payable and payment automation solutions for middle-market businesses. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions, rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. MineralTree was founded in 2010 and is based in Waltham, Massachusetts.

Sell $500M