The private equity group’s offer for the AnaCap-owned business beat interest from Nordic Capital and EQT.
Heidelpay enables its clients to accept online and mobile payments, and is used by more than 30,000 merchants. According to Financial Times, the buyout group hoped to expand the group by adding customers in Germany.
The Heidelpay sale comes two years after AnaCap bought a majority stake in the business for an undisclosed amount. Heidelpay has expanded through its own smaller add-ons, including the acquisition of mPay24 and the purchase of StarTec in 2017.
KKR was involved in another payments deal, the USD 39 billion sale of First Data to Fiserv. KKR was First Data’s largest shareholder, having originally bought the company in 2007.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.