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Corsair Capital makes USD 295 million deal with IDnow

Friday 7 March 2025 11:09 CET | News

US-based private equity firm Corsair Capital has acquired German identity verification provider IDnow in a USD 295 million all-cash deal. 

Before this, Corsair acquired a 43% minority stake in IDnow in 2019, with the company now gaining 96% of the shares, according to sources cited by Sifted. The deal supports Germany’s M&A market, which has been silent since 2021 due to challenging economic circumstances. With this move, IDnow’s founders could benefit from a 20% earnout from the additional payments made to the sellers, considering the performance of the business sold if future objectives are met.

Corsair Capital acquires IDnow for USD 295 million

Commenting on the news, representatives from IDnow mentioned that Corsair’s investment underlines the latter’s trust in IDnow’s capabilities and highlights the synergies that the two companies achieved through their collaborative agreement. By deepening their partnership, IDnow and Corsair intend to continue to advance the capabilities of the former’s platform and allow it to evolve to meet the needs, demands, and preferences of users.

Furthermore, Corsair aims to support IDnow’s development while also solidifying its features and capitalising on the market opportunity available to the private equity firm. When the two companies first joined forces in 2019, Corsair Capital provided IDnow with a USD 40 million growth equity investment, with the funds being set to assist the identity verification provider in expanding its product range and capturing scaled market share throughout Europe. At that time, the company planned to open additional offices in France and the UK.

Latest news from IDnow

IDnow has been on a growth path in recent years, with the company making several announcements regarding its products and partnerships. For example, the beginning of January 2024 saw IDnow’s AI-based solution IDCheck.io being approved by the German Commission for the Protection of Minors in the Media (KJM). The company obtained a positive assessment for the use of its IDCheck.io solution from KJM for age verification. The approval brought the solution onto the extensive list of services provided by the company, including VideoIdent, AutoIdent, IDnow eID, and the IDnow Wallet, which were already rated as positive by the KJM for age validation.

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Keywords: acquisition, investment, identity verification, online security
Categories: Fraud & Financial Crime
Companies: Corsair Capital, IDnow
Countries: World
This article is part of category

Fraud & Financial Crime

Corsair Capital

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IDnow

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