KKR's Unzer buys Lavego

The transaction is expected to close in Q2 2021 and is subject to regulatory approval, according to a statement.

Lavego founder Florian Gohlke is to take a significant stake in Unzer as part of the deal.

Unzer invested in Tillhub in June 2020, as reported. The company acquired Paysafe Pay Later from Paysafe Group in July 2020 and bought Wirecard Retail Services in October.

KKR bought a majority stake in Unzer, then known as Heidelpay, from Anacap in August 2019 for around €750m. AnaCap made eight add-ons for the business during its two-and-a-half-year investment period. KKR invested in Unzer via its fifth European fund, which held a final close in November 2019 on €5.8bn. Debt was provided by Alcentra, Goldman Sachs and Partners Group.

Unzer reported revenues of €90m and EBITDA of €40.5m at the time of its acquisition by KKR.

Company
Munich-based Lavego provides technical networks for cashless credit and debit card payments, comprising payment hardware and software. The company's network is also able to process transactions at petrol pumps and other unattended machine terminals. The business employs 32 people and was founded in 1992. According to its latest accounts, the company saw turnover increase by 30% from 2017 to 2018.

People
KKR – Daniel Knottenbelt (head, EMEA financial services).
Lavego – Florian Gohlke (founder).
Unzer – Axel Rebien (co-CEO).

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