AnaCap-backed Heidelpay bolts on Alpha-Cash

This acquisition is Heidelpay's second in 2019. The company acquired Universum Group, a Frankfurt-based payment service and debt collection business, in January. The acquisition allows Anacap to continue its buy-and-build strategy for Heidelpay and expand into the north-east of Germany.

AnaCap bought a majority stake in Heidelpay in 2017 for an undisclosed sum. The co-founders and management team retained a minority stake. Equity was drawn from the €850m AnaCap Financial Partners III fund.

Heidelpay anticipates revenues of €90m in 2019.

Previous funding
AnaCap's investment in 2017 was intended as a buy-and-build strategy, but also went towards launching additional products and functions for Heidelpay's core platform.

Other deals include the acquisition of Hamburg-based payment technology company Startec and Vienna-based payment service MPay24, both for undisclosed sums.

Company
Alpha-Cash offers stationary point-of-sale terminals, as well as installation and maintenance services. The company is based in Rostock and has an office in Leipzig.

People
AnaCap Financial Partners – Tassilo Arnhold (managing director).
Heidelpay Group – Mirko Hüllemann (founder, CEO); Philipp Zwirner (head of point-of-sale division).

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