AGREEMENT TO ACQUIRE UK PAYMENT SERVICES GROUP KALIXA FROM GVC HOLDINGS PLC
- seranggonroad
- Dec 20, 2016
- 1 min read
TRANSACTION SUMMARY
Acquisition of Kalixa Group from GVC Holdings PLC for a total consideration of €29.0 million
Completion expected during Q1 2017, subject to domestic and international regulatory approvals
Kalixa Group will continue to provide payments processing to GVC Holdings post-Completion
Acquisition supports Senjō Group’s strategy to create a global payments ecosystem
Transaction combines Kalixa’s strong market position in Europe with Senjō’s extensive Asia network
Leverages Senjō’s payments focus and expertise, and Kalixa’s experienced management team
SINGAPORE & LONDON, Dec 19 (Bernama-BUSINESS WIRE) -- Senjō Group (“Senjō”), a global payments operator and FinTech investment firm, has entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group (“Kalixa”) for a total consideration of €29.0 million payable in cash on completion, subject to a completion accounts adjustment. The total consideration is capped at €35.5 million. Completion of the transaction (“Completion”) is subject to a number of domestic and international regulatory approvals but is expected to close during the first quarter of 2017. Kalixa is one of the leading providers of payment services in the world and enables consumers, small business and merchants to make and accept payments. The Company processes transactions worth €11 billion annually for more than 800 merchants and supports 100 of the world’s most popular payment methods. In addition to acquiring and gateway capabilities, Kalixa has innovative wallet and issuing technologies and operations. It has offices in London and Vienna. Kalixa generated revenue in the financial year ended 31 December 2015 of €22.7 million.
http://mrem.bernama.com/viewsm.php?idm=28156
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