January 2017
acquired
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