Lavego

Transaction Summary

In an agreement signed early December 2020, Unzer agreed to acquire the leading Munich based technical network operator Lavego AG. This strategic step will create new opportunities for Unzer, as the payment platform recently acquired several commercial network operators. With the acquisition of Lavego, Unzer group has now also brought a technical network operator on board.

The acquisition is expected to complete in Q2 2021, pending regulatory approvals. Until then, the company will continue to operate as an independent organization.

Overview of Lavego

Lavego AG is a network operator for electronic cash and a payment institution officially authorized by Germany’s Federal Financial Supervisory Authority (BaFin). Since 2003, Lavego has been predominantly operating in technically challenging niche markets, such as petrol stations and vending machines.

All of the systems employed to process transactions have been developed in-house and are based on the latest technology. Alongside pure clearing of payment transactions, Lavego also offers a whole host of additional services, which are used both by partners and customers.

Corestar Partners’ Role

Corestar Partners acted as exclusive financial advisor to Unzer group and KKR, providing in-depth strategic, process positioning and valuation services.