M&A Deal Summary

VeriFone Systems Acquires Point Transaction Systems AB

On November 14, 2011, VeriFone Systems acquired financial services company Point Transaction Systems AB from Nordic Capital for 770M EUR

Acquisition Highlights
  • This is VeriFone Systems’ 2nd transaction in the Financial Services sector.
  • This is VeriFone Systems’ largest (disclosed) transaction.
  • This is VeriFone Systems’ 1st transaction in Sweden.

M&A Deal Summary

Date 2011-11-14
Target Point Transaction Systems AB
Sector Financial Services
Buyer(s) VeriFone Systems
Sellers(s) Nordic Capital
Deal Type Add-on Acquisition
Deal Value 770M EUR
Advisor(s) J.P. Morgan Securities (Financial)
White & Case (Legal)

Target

Point Transaction Systems AB

Stockholm, Sweden
website
Point Transaction Systems AB is a provider of multichannel electronic payment solutions.

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Buyer(S) 1

Buyer

VeriFone Systems

San Jose, California, United States

website


Category Company
Sector Information Technology
Employees5,400
Revenue 2.0B USD (2015)
DESCRIPTION
Entrance to VeriFone's corporate headquarters in San Jose, California.
Entrance to VeriFone's corporate headquarters in San Jose, California.

VeriFone Systems, Inc. is a provider of secure electronic payment technologies. VeriFone provides solutions, services, and expertise that enable electronic payments. The Company's products and services include mobile, countertop and self-service payment devices, software, and web-based gateways. VeriFone Systems, Inc. is headquartered in San Jose, California.


DEAL STATS #
Overall 8 of 10
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 6 of 8
Country (Sweden) 1 of 1
Year (2011) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Global Bay Mobile Technologies

South Plainfield, New Jersey, United States

Global Bay Mobile Technologies, Inc., is a provider of next-generation mobile retail solutions. Global Bay works with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 Global Bay Mobile Technologies

South Plainfield, New Jersey, United States

Global Bay Mobile Technologies, Inc., is a provider of next-generation mobile retail solutions. Global Bay works with retailers across North America, Europe and Asia to increase sales and improve customer satisfaction with mobile applications that leverage existing POS, e-commerce, and traditional store systems.

Sell -

Seller(S) 1

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1989
PE ASSETS 30.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 34 of 76
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 14 of 23
Country (Sweden) 21 of 40
Year (2011) 5 of 5
Size (of disclosed) 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-20 Atos Medical

Malmö, Sweden

Atos Medical is a medical device company with a global market and technology leading position in the segment for voice and pulmonary rehabilitation of patients who have undergone laryngectomy (surgical removal of the voice box). Atos Medical was formed in 1986 and is based in Malmö, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-22 Britax Childcare

Chertsey, United Kingdom

Britax Childcare designs, assembles and markets a premium range of children's car seats and wheeled goods. The company has leading brands in each of its principal markets including Europe (Britax and Britax Römer), the US (Britax) and Australia (Safe-n-Sound, Steelcraft). Britax Childcare was founded in 1979 and is based in Chertsey, United Kingdom.

Buy $719M