M&A Deal Summary

Shift4 Acquires Global Blue

On February 18, 2025, Shift4 acquired financial services company Global Blue from Tencent Holdings for 2.5B USD

Acquisition Highlights
  • This is Shift4’s 1st transaction in the Financial Services sector.
  • This is Shift4’s largest (disclosed) transaction.
  • This is Shift4’s 1st transaction in Switzerland.

M&A Deal Summary

Date 2025-02-18
Target Global Blue
Sector Financial Services
Buyer(s) Shift4
Sellers(s) Tencent Holdings
Deal Type Add-on Acquisition
Deal Value 2.5B USD
Advisor(s) J.P. Morgan Securities
Deutsche Bank Corporate & Investment Banking
Oppenheimer & Co.
PJT Partners
UBS Investment Bank (Financial)
Simpson Thacher & Bartlett
Niederer Kraft & Frey (Legal)

Target

Global Blue

Signy-Avenex, Switzerland
Global Blue is an international provider of travel-related financial services. The company offers a seamless shopping and payment journey for tourists. Also, it provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Signy-Avenex, Switzerland.

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Buyer(S) 1

Buyer

Shift4

Center Valley, Pennsylvania, United States

Category Company
Founded 1999
Sector Information Technology
Employees3,030
Revenue 2.6B USD (2023)
DESCRIPTION

Shift4 is a provider of secure payment processing solutions, powering the top point-of-sale and software providers across numerous verticals, including Food & Beverage, Hospitality, Lodging, Gaming, Retail, and e-Commerce. This includes the company’s Harbortouch, Restaurant Manager, POSitouch, and Future POS brands, as well as over 300 additional software integrations in virtually every industry. With eight offices across the U.S. and Europe, 7,000 sales partners, and three state-of-the-art data centers, the company securely processes over 1 billion transactions annually for nearly 200,000 businesses, representing over $100 billion in payments each year. Shift4 was formed in 1999 and is based in Center Valley, Pennsylvania.


DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (Switzerland) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-14 Vectron

Münster, Germany

Vectronis a provider of point-of-sale (POS) systems to the restaurant and hospitality verticals. Vectron was formed in 1990 and is headquartered in Münster, Germany.

Buy -

Seller(S) 1

SELLER

Tencent Holdings

Shenzhen, China

Category Company
Founded 1998
Sector Internet Software and Services
Employees104,787
Revenue 609.0B CNY (2023)
DESCRIPTION

Tencent is a provider of a comprehensive range of Internet and wireless value-added services. Through its various online platforms, including Instant Messaging QQ, web portal QQ.com, the QQ Game platform under Tencent Games, multi-media social networking service Qzone and wireless portal, Tencent services the largest online community in China and fulfills the user's needs for communication, information, entertainment and e-Commerce on the Internet. Tencent has three main streams of revenues: Internet value-added services, mobile and telecommunications value-added services and online advertising. Tencent Holdings was founded in 1998 and is based in Shenzhen, China.


DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Switzerland) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-16 Global Blue

Signy-Avenex, Switzerland

Global Blue is an international provider of travel-related financial services. The company offers a seamless shopping and payment journey for tourists. Also, it provides a wide range of added-value payment solutions for all the stakeholders involved, including retailers and international shoppers. Global Blue was founded in 1980 and is based in Signy-Avenex, Switzerland.

Buy -