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January 8, 2019

Payment firms Nets, Concardis conclude merger

Danish payments firm Nets has finalised its merger with German peer Concardis Payment Group.

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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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The combined group will have around €500m of earnings before interest, tax, depreciation and amortisation (EBITDA) and €1.3bn of net revenue. It will be based in Ballerup, Denmark and led by Nets CEO Bo Nilsson.

Concardis CEO Robert Hoffmann will retain his existing role and report to Nilsson.

“By combining our market-leading positions as payment champions in the Nordics and the DACH region we will be able to accelerate our European expansion and be a driving force behind the ongoing consolidation in the European payments industry,” Nilsson stated.

Both the companies will continue to operate under their respective brands.

The combined entity will be backed by private equity investors Hellman & Friedman, Advent International as well as Bain Capital.  The deal was first announced in June last year.

“As a joint Group we look forward to leveraging our combined strengths and further digitising our offerings to drive faster time to market for state-of-the-art, customer-friendly solutions – underlining our joint ambition to be at the forefront of payments innovation,” Hoffmann said.

The completion of the latest deal comes close on the heels of Nets’ acquisition of Polish online payment firms Dotpay/eCard.

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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