M&A Deal Summary

Paysafe Acquires iPayment Holdings

On April 12, 2018, Paysafe acquired internet software and services company iPayment Holdings

Acquisition Highlights
  • This is Paysafe’s 3rd transaction in the Internet Software and Services sector.
  • This is Paysafe’s 4th transaction in the United States.
  • This is Paysafe’s 1st transaction in New York.

M&A Deal Summary
Date 2018-04-12
Target iPayment Holdings
Sector Internet Software and Services
Buyer(s) Paysafe
Deal Type Add-on Acquisition
Advisor(s) J.P. Morgan Securities (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

iPayment Holdings

New York, New York, United States
iPayment Holdings, Inc. is a provider of payment and processing solutions for small and medium-sized businesses (SMB) iPayment was founded in 1992 and is based in New York, New York.

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Buyer(S) 1

Buyer

Paysafe

Hamilton, Bermuda
Category Company
Founded 1996
Sector Financial Services
Employees3,200
Revenue 1.6B USD (2023)
DESCRIPTION

Paysafe is an integrated payments platform that enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. Delivered through an integrated platform, Paysafe solutions are geared toward mobile-initiated transactions, real-time analytics, and the convergence between brick-and-mortar and online payments. Paysafe is based in Hamilton, Bermuda.

DEAL STATS #
Overall 7 of 11
Sector (Internet Software and Services) 3 of 4
Type (Add-on Acquisition) 7 of 11
State (New York) 1 of 1
Country (United States) 4 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-21 Delta Card Services

Houston, Texas, United States

Delta Card Services, Inc. is a data-focused full service payment processor for merchants and sophisticated, high-volume Independent Sales Organisations (“ISOs”) in North America. Delivering card processing services to approximately 60,000 merchants in 50 states.

Buy $470M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-27 Openbucks

Sunnyvale, California, United States

Openbucks Corp. is a payment gateway that allows online merchants to accept retail gift cards as an alternative form of payment to credit cards, something that is particularly popular amongst online gaming and eSports operators. Openbucks was founded in 2011 and is based in Sunnyvale, California.

Buy -
Mergr

Product

Company

Legal