January 2017
Financial advisor to Advent Int. and Bain Capital

Deal Team


Advent International and Bain Capital:

Jeff Paduch (Advent International)

Christophe Jacobs van Merlen (Bain Capital)

Corestar Partners:

Milan Bartik

Clemens Hisch

Transaction Summary

  • Advent International and Bain Capital Private Equity (the “Consortium”) signed a definitive agreement to acquire Concardis GmbH (“Concardis”, the “Company”), a leading German payment service provider, from a group of German private banks, co-operative banks, savings banks and DZ Bank
  • Corestar Partners supported the Consortium with comprehensive buy side M&A advisory services, including in-depth strategic, process positioning and valuation services

Overview of Concardis

  • Concardis is one of Europe’s leading payment service providers. It has been a joint venture of the German banking sector until now, and the change in ownership marks the beginning of a new phase of investment and planned expansion
  • With over 30 years‘ experience in payment processing, the Company offers intelligent solutions to meet the extensive requirements for a modern cashless payment process: ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management
  • When it comes to high-performance payment solutions, Concardis is the provider of choice for some 110,000 customers at 210,000 locations using more than 470,000 connected terminals
  • Over the past two years, Concardis has grown its transaction volume by 19.1 percent from €35.2 billion to €41.9 billion

Corestar Partners’ Role

  • Corestar Partners acted as financial advisor to Advent International and Bain Capital Private Equity, providing in-depth strategic, process positioning and valuation services