AnaCap to acquire German payments provider Heidelpay
Private equity firm AnaCap Financial Partners is taking over a controlling stake in Heidelpay, an online payment service provider (PSP) in Germany.
Heidelpay’s co-founders and existing management will retain a minority stake in the business.
The company was set up in 2003 and supports payment acceptance on behalf of online merchants. It says its platform “is 100% proprietary, serving more than 14,500 primarily online businesses across the DACH and Benelux regions, and processes transactions across more than 200 payment methods, covering online, mobile and point-of-sale channels”.
AnaCap says the vendor will grow its business “organically and inorganically” and there is a possibility of “entering other select EU markets”.
Mirko Huellemann, Heidelpay’s founder and CEO, says his company is “extremely excited” about the acquisition.
Completion of the transaction is subject to approval by the Federal Financial Supervisory Authority, the German Federal Bank and the Luxembourg Financial Supervisory Authority.
The announcement comes hot on the heels of another German payments provider takeover: Advent International and Bain Capital Private Equity have signed a definitive agreement to acquire Concardis, which is currently owned by local banks.
More feathers in the (Ana)Cap
In December last year, AnaCap announced its plans to acquire Barclays’ French retail banking & wealth management business. A complete IT overhaul is on the cards.
Earlier that year, it bought non-performing loans (NPLs) of Royal Bank of Scotland (RBS) and GE Capital Real Estate in Italy.
It is also understood to be crystallising a strategy to launch a new digital bank in the UK.