Add-on Acquisition • Business Services

Planet Acquires GB TaxFree

On January 2, 2017, Planet acquired business services company GB TaxFree

Acquisition Context
  • This is Planet’s 1st transaction in the Business Services sector.
  • This is Planet’s 1st transaction in the United Kingdom.

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M&A Deal Summary

Date January 2, 2017
Target GB TaxFree
Sector Business Services
Buyer(s) Planet
Deal Type Add-on Acquisition

Target Company

GB TaxFree

Chesham, United Kingdom
GB TaxFree Ltd. is a provider of tax free solutions to travelers and merchants to enable quick refund service. The company was founded in 2007 and is based in Chesham, United Kingdom.
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Buyer Overview 1

Buyer

Planet

Galway, Ireland

Category Company
Sector Financial Services
DESCRIPTION

Planet is a provider of VAT refund and dynamic currency conversion (“DCC”) services to retailers, governments, and financial institutions globally. Planet is based in Galway, Ireland.


Deal Context for Buyer #
Overall 1 of 6
Sector: Business Services 1 of 1
Type: Add-on Acquisition 1 of 6
Country: United Kingdom 1 of 1
Year: 2017 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 Planet

Galway, Ireland

Planet is a provider of international payment processing and multi-currency processing services. Planet Payment provides services in 23 countries and territories across the Asia Pacific region, North America, the Middle East, Africa, and Europe, primarily through its 76 acquiring bank and processor customers. Its point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with its ATM services are integrated within the payment card transaction flow enabling its acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels. Planet was founded in 1985 and is based in Galway, Ireland.

Buy €219M