January 2018
Majority sale to
Exclusive financial advisor to the shareholders of mPAY24

Deal Team

mPAY24:

Michael Müller (CEO)
Bernd Egger (CFO)

Corestar Partners:

Milan Bartik
Clemens Hisch

Transaction Summary

  • heidelpay Investments GmbH (“Heidelpay”), the leading Germany based online payment services provider, backed by AnaCap Financial Partners (“AnaCap”), signed an agreement to acquire 100% of mPAY24 GmbH (“mPAY24”)
  • Previous majority shareholders, top payment services executives Michael Müller and Bernd Egger, will remain with mPAY24 leading the integration of the business to the Heidelpay group

Overview of mPAY24

  • Founded in 2001, mPAY24 is a Vienna-based PSP primarily focused on e-commerce technical payment processing services. The e-commerce payments platform is used by over 2,000 merchants today and enjoys a reputation as the “go-to” specialist for solutions in online payment transactions in Austria
  • In 2015, mPAY24 was fully taken over by Michael Müller, previously co-founder and CEO of paysafecard.com, and Bernd Egger, previously CFO of paysafecard.com
  • The acquisition of mPAY24 by Heidelpay marks the second bolt-on acquisition to Heidelpay. Acquiring a leading provider in the Austrian market marks yet another step towards establishing a multi-jurisdiction payment solutions provider, offering a full suite of omni-channel payment services for its valued merchants

Corestar Partners’ Role

  • Corestar Partners acted as exclusive financial advisor to the shareholders of mPAY24, providing in-depth strategic, process positioning and valuation services