Advent International and Eurazeo acquire Datatrans

The two GPs will co-control the company, and plan to combine it with their existing portfolio company Planet.

The buyers said that combining Datatrans' online and digital capabilities with the in-person, global payment processing of Planet would create a "one-stop shop" to cover all merchant payment needs through a single payment partner.

Earlier this year, Advent acquired a stake in Irish payments provider Planet from Eurazeo, in a deal that valued the company at EUR 1.8bn. Eurazeo reaped a 2.5x multiple, but reinvested in the business to co-control it with Advent.

Eurazeo acquired Fintrax from Exponent for EUR 585m in November 2015, in a sale that generated a 4x return for the vendor. Fintrax took private US-listed payment specialist Planet Payment in a EUR 219m deal in October 2017, with Eurazeo contributing EUR 109m towards the acquisition. The group rebranded as Planet in 2018.

Under Eurazeo's ownership and prior to the tie-up with Advent, Planet had tripled in size from both organic growth and strategic acquisitions. In June 2020, the company bolted on Luxembourg-based 3C Payment, which offers a universal, omnichannel payment platform for businesses, hotels and restaurants.

Company
Founded in 2001, Datatrans is a digital payments provider for more than 5,000 online merchants. The company aims to provide online businesses with a single payment gateway for secure payment processing and fraud prevention. Datatrans also aims to help online businesses secure Payment Card Industry compliance more easily by using PCI Proxy, a platform that converts sensitive card data into a token before it reaches an online merchant's system.

People
Datatrans – Thomas Willenborg (CEO).

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