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February 21, 2022

Integrum to acquire payments platform MerchantE

Investment firm Integrum has agreed to acquire payments and commerce solutions MerchantE (ME) from Brazilian payments firm Cielo.

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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by GlobalData
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Financial and other terms of the deal were not disclosed by the companies. Integrum is paying up to $290m for the acquisition, according to a report by Reuters.

Georgia-headquartered ME offers a ‘full-stack’ payments platform to mid-market B2B customers. The platform features front and back-end processing capabilities and provides direct connectivity to the major card brands.

ME is said to process more than $17bn in payments volume for its 13,000 merchants.

Integrum co-founder Tagar Olson said: “The US payments sector is a large, growing market driven by the continued secular shift toward digital payments.

“As a result of our team’s extensive experience and deep network, payments is a core investment focus for Integrum and we view MerchantE as an attractively-positioned platform in the sector.”

Integrum co-founder Ursula Burns said: “We are extremely excited about the opportunity presented by ME’s strong foundational technology and unified end-to-end processing capabilities.

“We believe our team is uniquely positioned to partner with ME to deliver meaningful value creation for our investors.”

Integrum Investment Committee member Jeff Livingston commented that ME is ‘perfectly situated to take advantage of the rapidly changing payments landscape’.

Livingston added: “We intend to continue the company’s investments in their product, customer success, and go-to-market capabilities to deepen and broaden their relationships with mid-market B2B customers.”

Last week, private equity firm Madison Dearborn Partners signed a deal to buy cross-border money transfer company MoneyGram International for $1.8bn.

In 2020, fintech firm Vesta, which provides payments and fraud detection technologies, was scooped up by private equity firm Goldfinch Partners.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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