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FT Partners Advises ING on its Acquisition of Payvision

Overview of Transaction

  • On January 29, 2018, ING announced that it has reached an agreement to acquire a 75% stake in Payvision
  • The transaction values Payvision at EUR 360 million (approximately $447 million)
  • Headquartered in Amsterdam, ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank
  • The purpose of ING Bank is empowering people to stay a step ahead in life and in business. ING Bank’s more than 51,000 employees offer retail and wholesale banking services to customers in over 40 countries
  • Founded in 2002 in the Netherlands, Payvision is a fast growing, independent international card acquirer and payments platform, connecting payment service providers and their global merchants

Significance of Transaction

  • The transaction will enable ING to strengthen its footprint in omnichannel payments services and expand its merchant services for its business customers, particularly in the fast-growing e-commerce segment
  • By offering Payvision’s solution, ING’s business customers will be able to accept payments through any channel, including in store terminals and web shops and through any device

FT Partners' Role

  • FT Partners served as strategic and financial advisor to ING in this transaction
  • This transaction further supports FT Partners’ continued success in the Payments space and highlights the Firm’s versatility in generating attractive outcomes on both the sell-side and the buy-side
  • FT Partners leveraged its deep, global industry knowledge and transaction expertise to help achieve a favorable outcome for the Company