AnaCap-backed Heidelpay bolts on Universum

AnaCap bought a majority stake in Heidelpay in 2017 for an undisclosed sum. The co-founders and management team retained a minority stake. The capital was taken from the €850m AnaCap Financial Partners III fund, which is estimated to be 42% deployed.

The payments group anticipates revenues of €90m in 2019 and the transaction volume is expected to reach around €8bn, driven by a 5x increase in the number of transactions to 140 million.

Previous funding
AnaCap's capital injection in 2017 was intended for a buy-and-build strategy, as well as for the launch of additional products and functions to Heidelpay's core platform.

This acquisition represents Heidelpay's fifth bolt-on since AnaCap's initial investment. Other deals include the acquisition of Hamburg-based payment technology company Startec in 2017 and Vienna-based payment service MPay24 in January 2018, both for undisclosed sums. Capital for these deals was also deployed from the AnaCap Financial Partners III fund.

Company
Founded in 1982, Universum has more than 180 employees. Its speciality is a delayed payment product, a payment method becoming more commonly used in Europe. The method allows customers to purchase products on e-commerce websites, have them delivered and have the option to return the products before they need to pay. The company also offers debt collection, liquidity and risk management services.

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

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• Topics
• Expansion
• DACH
• Support services
• Build-up
• Buy-and-build
• Acquisition finance
• Germany
• AnaCap Financial Partners