August 2019
Management Buy-Out from
Lead financial advisor to the shareholders of heidelpay

Deal Team

Heidelpay Group:

Mirko Hüllemann (Founder and CEO)
Jens Bader (Co-Founder and CTO)
Axel Rebien (CFO)

AnaCap:

Tassilo Arnhold
Julian Rivera

Corestar Partners:

Milan Bartik
Clemens Hisch

Transaction Summary

  • On 4th August 2019, heidelpay and its shareholders announced a majority sale to KKR with founders and key managers remaining invested as long-term shareholders
  • KKR will partner along the founders and key management to unfold the enormous growth potential of the very attractive European payment market through new innovative products, organic growth and strategic M&A
  • KKR will draw on their deep sector knowledge & network, track record of working with founders, and their expertise to further shape heidelpay’s unique profile

Overview of heidelpay

  • Established in 2003, heidelpay is a leading and highly innovative omnichannel provider of collecting payment solutions, offering the full spectrum of payment methods with owned payment solutions covering >60% of online retail market volumes 
  • The company serves more than 32,000 merchants (including market places) with its innovative “one-stop” solutions offered through a single contract
  • heidelpay is active in the European SEPA area with a current focus on DACH 
  • With the support of AnaCap, heidelpay has grown almost tenfold in the last three years, making it one of the fastest growing fintech company in Europe

Corestar Partners’ Role

  • Together with the founders, Corestar Partners designed and executed a bespoke process with pre-select parties which underwent several tailored qualification rounds to ensure the most aspired outcome for the founders/ shareholders and the company
  • Corestar Partners played a key role in finding the new partner with the right expertise,  and financial as well as operational strength to accelerate heidelpay’s product and geographic expansion
  • This transaction underlines Corestar Partners’ #1 position as Europe’s and DACH’s undisputed M&A advisory market leader in the payment service sector and furthermore highlights Corestar Partners leading position in European Fintech M&A
  • It represents already Corestar Partners’ 9th transaction in only the last three years in DACH’s payment services sector (e.g. heidelpay, Vibbek, mPAY24, PCS, Simplepay, Concardis, heidelpay, etc.), the 27th in Europe (e.g. Sipay [Spain], HiPay [France], Bambora/Euroline [Sweden], Sofort [Germany], Klarna [Sweden], etc.)