Add-on Acquisition • Internet Software and Services

SumUp Acquires Fivestars

On October 15, 2021, SumUp acquired internet software and services company Fivestars for 317M USD

Acquisition Context

This is SumUp’s 1st transaction in the Internet Software and Services sector.
This is SumUp’s largest (disclosed) transaction.
This is SumUp’s 1st transaction in the United States.
This is SumUp’s 1st transaction in California.

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M&A Deal Summary
Date	October 15, 2021
Target	Fivestars
Sector	Internet Software and Services
Buyer(s)	SumUp
Deal Type	Add-on Acquisition
Deal Value	317M USD
Advisor(s)	BMO Capital Markets (Financial) Gunderson Dettmer (Legal)

Target Company

Fivestars

San Francisco, California, United States

Fivestars is a local commerce network, driving over $3 billion of sales and 100 million transactions annually. Fivestars offer vertically integrated payments, loyalty, and a marketing automation platform that brings more customers to local businesses. Fivestars was founded in 2011 and is based in San Francisco, California.

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Buyer Overview 1

Buyer

SumUp

London, United Kingdom

Category	Company
Founded	2011
Sector	Information Technology

DESCRIPTION

SumUp is a financial technology company that allows businesses of all sizes to receive payments quickly and simply, both in-store and online. SumUp supports over 3 million merchants globally and operates in 34 markets across Europe, the U.S., Brazil, and Chile. SumUp was founded in 2011 and is based in London, United Kingdom.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: California	1 of 1
Country: United States	1 of 1
Year: 2021	1 of 1
Size (of disclosed)	1 of 1

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