MCF advises Nets on the acquisitions of Finnish payment technology providers Poplatek and Poplapay
Nets Denmark A/S (“Nets”), a leading provider of digital payment solutions and related technology solutions has fully acquired Poplatek Oy (“Poplatek”), a Finnish software developer, and Poplatek Payments Oy (“Poplapay”), a Finnish provider of payment terminal services, from the management and key employees of the companies. MCF acted as financial adviser to Nets in the transactions, following its track-record of successfully executing demanding buy-side engagements.
The Deal
Founded in 1968, Nets is a leading Danish provider of digital payment services and related technology solutions. The addition of the tech competencies from Poplatek and Poplapay will further strengthen Nets’ group-wide payment application capabilities and offerings within payment terminal services across Europe.
The Targets
Established in 2009, Poplatek is a Finnish provider of software development and cloud services as well as payment solutions. Poplapay was founded through a demerger from Poplatek in 2015 and is a Finnish provider of payment terminal services for physical sales environments, including software for payment terminals. The companies have an extensive track record in developing payment solutions in Finland with approx. 40 employees in total and a combined annual revenue of around EUR 5 million.
About Nets
Nets is a leading provider of digital payment services and related technology solutions in Europe with approx. 4,100 employees. Nets connects merchants, financial institutions, corporate customers and consumers enabling them to make and receive digital payments and utilise value-added services. In 2018, Nets was taken private by a consortium led by U.S. buyout firm Hellman & Friedman LLC.
