AnaCap buys payments service Heidelpay

The deal saw the GP acquire a majority stake in the business, while the co-founders and management team will retain a minority stake, according to a statement. Completion of the transaction is subject to authorities in Germany and Luxembourg.

The company aims to use the capital injection to boost its expansion through add-on acquisitions, as well as by launching additional products and functionalities. Initially, the management team hopes to reinforce the company's position across the markets in which it has already a presence, but will eventually consider expanding across Europe as well.

The deal follows AnaCap's acquisition of the French retail banking operations of Barclays in December 2016, which marked the GP's sixth banking platform.

Company
Established in 2003 and headquartered in Heidelberg, Heidelpay provides online payment services and claims to reach 14,500 online businesses across the DACH and Benelux regions with 200 payment methods, including online, mobile and point-of-sale channels.

People
AnaCap Financial Partners – Tassilo Arnhold (director).
Heidelpay – Mirko Huellemann (founder, CEO).

Advisers
Equity – Norton Rose Fulbright (legal); EY (accounting).
Company – Corestar Partners (corporate finance); Herbert Smith Freehills (legal).

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• Topics
• Buyouts
• Technology
• DACH
• Germany
• AnaCap Financial Partners