Still, the equity in the original buyout was just 2.7 billion euros, a Nets bondholder presentation suggests. All rights reserved, Meet our Business & Financial Services team. Germany offers attractive growth potential due to market size, consumer spending and the fact that around 75 percent of all payment transactions are still cash-based. Nets A/S ("Nets"), a market leader in the Nordic payments industry, and Concardis Payment Group ("Concardis Group"), a leading merchant payment service provider in the German-speaking part of Europe, have today announced at Money 20/20 that the two companies will join forces to form a leading European payments player (the "Group"). This is what drives us. The Concardis Payment Group merges with Nets, a leading payment service provider and digital champion based in northern Europe. Here you can find an overview of any current operational issues. The merger is subject to approval by the respective authorities. Concardis General Information Description. Nets A/S and Concardis Payment Group Complete Merger. Advent International Corp. and Bain Capital are due to sign a deal this week to buy German payments-processing company Concardis GmbH, … Nets bought another payments group, Concardis, for stock in 2019. Closing is expected to be in Q4/2018. Nets bought another payments group, Concardis, for stock in 2019. It will be based in Denmark, where Nets is based, and will be led by Nets CEO Bo Nilsson. Flexible modules available as licenses or services. Bo Nilsson will lead the combined Group as CEO and Robert Hoffmann will continue as Concardis Group CEO, reporting … Management; Board of Directors for Nets A/S; Risk Management; CSR policy; Diversity policy; Reports & presentations Year . Freshfields Bruckhaus Deringer has advised Nets A/S (via its holding company Evergood Lux 1 S.à r.l), a leading provider of digital payment services and related technology … Nets bought another payments group, Concardis, for stock in 2019. Le Groupe Nets, l’un des principaux prestataires de services de paiement européen, a annoncé aujourd’hui l’acquisition de CCV Suisse SA, une filiale du Groupe CCV basée aux Pays-Bas. European payments firms Nets and Concardis have finalised their merger which was first announced back in June 2018. The merged entity will be worth roughly €500 million of EBITDA and €1.3 billion in net revenue. Antoni har 7 job på sin profil. Assume that diluted the unique personal fairness house owners to an 80% holding and their share of the worth from a Nexi tie-up could be price round 4.three billion euros. Get started with our services – choose a product and explore Nets developer site! Nets bought another payments group, Concardis, for stock in 2019. This merger with Concardis Group enables us to increase our exposure to the German-speaking part of Europe which, in addition to being a high-growth area, is an ideal springboard for the rest of Europe." Nets purchased one other funds group, Concardis, for inventory in 2019. Pia Stoklund Assume that diluted the original private equity owners to an 80% holding and their share of the value from a Nexi tie-up would be worth around 4.3 billion euros. Overview. These two events culminate a decade of consolidation in the European retail payments market. Nets shareholders struck a $5.3 billion deal with Hellman & Friedman in September last year, while Concardis was valued at EUR700 million in a January transaction with Bain and Advent. We empower merchants, service providers and financial institutions to benefit from payment’s and business digitization. Online Payments . ... At Nets, we see easier products and solutions as the foundation for growth and progress – both in commerce and society. These owners each bring significant sector expertise, operational resources and capital to help accelerate the new Group's growth and internationalisation. concardis payment group & nets: payment giants merging. European payments firms Nets and Concardis have finalised their merger which was first announced back in June 2018. Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Concardis is the leading full service payment provider in German-speaking Europe, acting as a consultant and point of contact for some 116,000 customers with more than 470,000 connected terminals. Jobst Honig Robert Hoffmann will continue to lead the Concardis Group as CEO, reporting directly to Bo Nilsson. SmartPay Close panel Here you can find an overview of any current operational issues. Concardis Payment Group is a leading provider of digital payment solutions with 1,000 employees serving customers in Germany, Austria, Switzerland and South-Eastern Europe. Nordic payments processor Nets and German-based merchant service provider Concardis are to merge in the latest in a series of transactions in a rapidly consolidating market. Nets A/S (“Nets”), a market leader in the Nordic payments industry, and Concardis Payment Group (“Concardis Group”), a leading merchant payment service provider in the German-speaking part of Europe, have today announced at Money 20/20 that the two companies will join forces to form a leading European payments player (the “Group”). Issued Bonds; Credit Rating - EUR 220m notes due 2024; Media speculation about Betalingsservice; Nets A/S and Concardis Payment Group Complete Merger; Lender Announcement; Financial results for H1 2019; Our business. Pia StoklundHead of CommunicationsT. The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue. The acquisition of Concardis in 2019 has given Nets "a meaningful position in the German market," Lukas Paul, analyst at S&P Global Ratings, said in an interview, adding that the Wirecard scandal could help Nets make "incremental gains" of customers in Germany, particularly within merchant services, its primary business in the country. Bo Nilsson, Group CEO of Nets, said, “We want to shape the ongoing consolidation in the European payments industry and further drive our pan-European expansion. Les deux sociétés poursuivront leur route ensemble sous la marque Nets. Powering a tomorrow that’s easier than today. ​For press inquiries please see country specific numbers of ​our press officers. Concardis ensures seamless transactions at the point of sale with its … Joint capabilities drive faster time to market for state-of-the-art solutions, underlining ambition to be at the forefront of innovation. In parallel, Nexi and Nets have agreed in principle to merge. Plus récemment, Mastercard a racheté la division de Nets, dédiée aux paiements instantanés pour 2,8 milliards de dollars. Concardis acquired by Nets. All content is posted anonymously by employees working at ConCardis. Combining our product knowledge and technological capabilities will allow us to go to market even quicker with state-of-the-art and customer-friendly products, underlining our joint ambition to be at the forefront of innovation.". THE TANGIBLE SIDE OF PAYMENTS. It’s our ambition to turn a complex reality into easy, intuitive and customer-oriented solutions. Read More > Resources . Nets A/S and Concardis Payment Group, a leading merchant payment service provider in the DACH region, have completed the merger of the two companies. Summary. Save. Nets bought another payments group, Concardis, for stock in 2019. In the DACH region (concardis.com) In-store payments. • Both companies will retain their brands. All years … Hering Schuppener Consulting At Nets, we see easier products and solutions as the foundation for growth and progress – both in commerce and society. N&TS GROUP is a leader in the payment processing industry thanks to more than 20 years of experience, with a firm commitment to security and compliance. T:  +49 69 92 18 74 44 Nonetheless, the fairness within the authentic buyout was simply 2.7 billion euros, a Nets bondholder presentation suggests. Over the last couple of years, both companies have been actively driving consolidation in their home countries through strategic acquisitions, especially within the high-growth area of merchant services. Both companies offer their customers a broad portfolio of payments services including offline, online, mobile, recurring payments and real-time services. Provider of payment services intended to overcome barriers of traditional payment options. Online Payments. The resulting industrial scale will enable further investments in innovation and service improvements for merchants, enterprises and bank customers, allowing the Group to create a leading position in the European payments market. Nets bought another payments group, Concardis, for stock in 2019. We empower merchants, service providers and financial institutions to benefit from payment's and business digitization. Combining our product knowledge and technological capabilities will allow us to go to market even quicker with state-of-the-art and customer-friendly products, underlining our joint ambition to be at the forefront of innovation.”. Nets A/S and Concardis Payment Group Complete Merger; Lender Announcement; Financial results for H1 2019; Our business. Nets bought another payments group, Concardis, for stock in 2019. Acquired Organization: Concardis ConCardis is the competent contact for all questions and solutions for cashless payment. Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $120 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Bo Nilsson will lead the combined Group as CEO and Robert Hoffmann will continue as Concardis Group CEO, reporting directly to Bo Nilsson. The presentation part of the event was conceptually divided into two parts ... like the one made by Nets - RealTime24/7 an extremely successful solution which was presented by Mads Peter Møller, from Nets’ Customer Engagement. : +49 170-3108-978Email: presse@concardis.com, MEDIA CONTACTS – INVESTORSJobst HonigHering Schuppener ConsultingT: +49 69 92 18 74 44M: +49 171 86 29 967 Email: jhonig@heringschuppener.com. Nets A/S (“ Nets ”), a market leader in the Nordic payments industry, and Concardis Payment Group (“ Concardis Group ”), a leading merchant payment service provider in the German-speaking part of Europe, have today announced at Money 20/20 that the two companies will join forces to form a leading European payments player (the “ Group ”). In doing so, we hope to advance the development of innovative and customer-oriented solutions for digital payment as our driving force – and offer our customers even … Nordic payments processor Nets and German-based merchant service provider Concardis are to merge in the latest in a series of transactions in a rapidly consolidating market. Nets fintech partners benefit from of our best-in-class expertise, payment solutions and ecosystem to improve the business and make y our great ideas greater. Glassdoor gives you an inside look at what it's like to work at ConCardis, including salaries, reviews, office photos, and more. L’objectif de cette fusion est de renforcer l’expansion pan-européenne du groupe, mais aussi sa capacité à offrir une solution unique pour les commerçants utilisant plusieurs moyens de paiement. Klausdalsbrovej 601 DK-2750 Ballerup Denmark Tel. The merger creates a business with approximately €500 million of EBITDA and €1.3 billion of net revenue. Email:  pstok@nets.eu, Media Contacts – Concardis Payment Group The newly formed Group is backed by leading private equity investors Hellman & Friedman, Advent International, and Bain Capital. These owners each bring significant sector expertise, operational resources and capital to help accelerate the new Group’s growth and internationalisation. … Nets bought another payments group, Concardis, for stock in 2019. The headquarters of the Group will be located in Ballerup, Denmark, and Nets and Concardis Group will retain their respective brands. European Commission Consultation on Inter-Regional Interchange Fees, CMSPI’s Response . Close panel Get started with our services – choose a product and … 4 Introduction Notes 1. Acquiring Organization: Nets Nets is a provider of payments, card, … At Nets, we see easier payment products and solutions as the foundation for growth and progress – both in commerce and society. | © Worldline 2013 2014 2015 2016 Guidance On track to deliver the 2017 IPO objectives for OMDA improvement and free cash flow (1) Steady OMDA improvement ​We create an easier tomorrow through digital innovation. Only a few days after NETS announced the acquisition of dotpay/e-card, a Polish PSP serving the e-commerce space. Reports & presentations; Debt investors. • Customers will benefit from a comprehensive portfolio of state-of-the-art solutions At Nets, we see easier products and solutions as the foundation for growth and progress – both in commerce and society. Last year, 2400 people from the marketing industry gathered, 227 competitive projects were announced, 50 prizes were distributed and 16 international lecturers held presentations. Whether it is seamless payments at stationary points of sale, customisable solutions for mobile and e-commerce or value-adding services: Our innovative products and services minimize complexity and make payments easy to improve customer experience. En phase avec le phénomène de concentration qui impacte aujourd’hui le paysage des paiements, cette annonce suit notamment la fusion Nets/Concardis. Powering a tomorrow that's easier than today. INTERNATIONAL – SWIFT prévoit d’étendre son initiative « global payments innovation » (gpi) à l’ensemble des 10 000 banques membres de son réseau. With the merger, Nets and Concardis Group combine market-leading positions as payment service champions in the Nordics and German-speaking parts of Europe. Robert Hoffmann will continue to lead the Concardis Group as CEO, reporting directly to Bo Nilsson. The newly-formed Group will further refine its service offering, bringing innovation to market faster, empowering merchants and better meeting consumers' needs for more digitized, easy-to-use payment solutions. Pro forma adjusted EBITDA of DKK 3,642m using FY2017 average actual EUR/DKK FX rate of 7.438 On June 4th 2018, Nets A/S (“Nets” or the “Company”) and the Germany-based Concardis Payment Group (“Concardis”) announced that the two T.:  +45 29 48 26 46 NETS First Data WorldPay Concardis Ingenico Global Payments FIS Wirecard B+S Equens SIA TSYS Fiserv (€m) 7 Worldline is a leading player in Europe with expanding emerging markets footprint #1 Issuing Processor in Germany #1 Commercial Acquirer in Belgium Se hele profilen på LinkedIn, og få indblik i Antonis netværk og job hos tilsvarende virksomheder. In a marketplace caracterised by a move to industrial scale processing, the merger creates a business with approximately €500 million of Ebitda and €1.3 billion of net revenue. Powering a tomorrow that’s easier than today. M: +49 171 86 29 967 This announcement has now come to fruition and the merger is finalized, resulting in a group entity with €1.3 billion in net revenue, an EBITDA of €500 million, and over 3,500 staff. La société Concardis Suisse SA, qui appartient au Groupe Nets, sera intégrée à CCV Suisse SA. LithuaniaLatviaEstoniaSwedenFinlandNorwayDenmark. Over the last couple of years, both companies have been actively driving consolidation in their home countries through strategic acquisitions, especially within the high-growth area of merchant services. ​Nets fintech partners benefit from of our best-in-class expertise, payment solutions and ecosystem to improve the business and make y​our great ideas greater.​​​​​​​​​​​​. Still, the equity in the original buyout was just 2.7 billion euros, a Nets bondholder presentation suggests. With 2,400 employees located in Denmark, Norway, Finland, Sweden and Estonia, we help financial institutions, businesses and merchants across the Nordic and Baltic regions make tomorrow a little easier for their customers while delivering unrivalled security and stability. HEADQUARTERS. We help financial institutions, businesses and merchants make tomorrow a little easier for their customers while delivering unrivalled security and stability. The merger is expected to be finalized in the fourth quarter of the year. The transaction is a merger structured as a share exchange which will see Concardis shareholders contribute their shares in return for Nets shares. Nets bought another payments group, Concardis, for stock in 2019. In addition to lectures by top speakers, Dani komunikacija is also known for the award-winning… Nordic digital payments; History and Development; Competitive Strengths; The Group's Strategies; Corporate Governance . All years arrow. Concardis, Mercury Processing, Ratepay, Paypro, Poplapay, PeP *Revenues net of interchange Sources: Company data, Investor Presentation This merger with Concardis Group enables us to increase our exposure to the German-speaking part of Europe which, in addition to being a high-growth area, is an ideal springboard for the rest of Europe.” Robert Hoffmann, CEO of Concardis Group, added, “Both our product portfolios enable merchants to benefit from the digitization of payments with a wide range of products and services, including e-commerce gateways, merchant portals as well as invoicing solutions for e-commerce merchants. Retrouvez toutes les actualités sur le fonds OPCVM Crédit Lyonnais Innovation 3 - EUR, sur Boursorama, page 1224 a.o. Nets A/S and Concardis Payment Group form leading European payments player 04-06-2018 Nets and Concardis today announced at Money 20/20 that the two companies will join forces to form a leading European payments player. Ballerup, Denmark, and Eschborn, Germany - 4 June 2018. Worldline recently completed its merger with Ingenico. For press inquiries please see country specific numbers of our press officers. As a key partner of German banks and savings banks they provide a full selection of services and products relating to card payment transactions for around 400,000 points of sale. The merger allows us to bundle our strengths and accelerate our expansion throughout Europe. Nets bought another payments group, Concardis, for stock in 2019. Revenues are net of interchange including estimated Ingenico’s interchange fees for 2015-2017 Sources: Company data A: Actual; PF: Pro-Forma PF incl. Assume that diluted the original private equity owners to an 80% holding and their share of the value from a Nexi tie-up … Bo Nilsson, Group CEO of Nets, said, "We want to shape the ongoing consolidation in the European payments industry and further drive our pan-European expansion. The headquarters of the Group will be located in Ballerup, Denmark, and Nets and Concardis Group will retain their respective brands. 09.01.2019 . The resulting industrial scale will enable further investments in innovation and service improvements for merchants, enterprises and bank customers, allowing the Group to create a leading position in the European payments market. Christian Drixler Se Antoni Schillings profil på LinkedIn – verdens største faglige netværk. The newly formed Group is backed by leading private equity investors Hellman & Friedman, Advent International, and Bain Capital. The transaction is a merger structured as a share exchange which will see Concardis' private equity shareholders contribute their shares in return for Nets shares. ​Nets and Concardis today announced at Money 20/20 that the two companies will join forces to form a leading European payments player. L’opération se fera par échange d’actions ; les fonds propriétaires de Concardis (Bain et Advent) recevront des actions Nets en échange de leur participation dans la société allemande. Ballerup, Denmark, and Eschborn, Germany – 4 June 2018. Nets, a Nordic payments provider, and Concardis Payment Group have announced that the merger of the two companies has been completed by Bo Nilsson who will lead the combined Group as CEO and Robert Hoffmann will continue as Concardis Group CEO, reporting directly to Bo Nilsson.. Nilsson, Group CEO of Nets, said, “We are very pleased that the merger has been completed which … Sign up to get perspectives, insights and analyses on emerging technologies and trends shaping the complex digital payment industry.​, Nets A/S and Concardis Payment Group form leading European payments player, Concardis Payment Group will merge with Nets to further drive the European expansion of the combined Group, Customers will benefit from a comprehensive portfolio of state-of-the-art solutions. Assume that diluted the original private equity owners to an 80% holding and their share of the value from a Nexi tie-up would be worth around 4.3 billion euros. Nets A/S and Concardis Payment Group have recently announced at Money 20/20 that the two companies will join forces to form a leading European payments player. Robert Hoffmann, CEO of Concardis Group, added, "Both our product portfolios enable merchants to benefit from the digitization of payments with a wide range of products and services, including e-commerce gateways, merchant portals as well as invoicing solutions for e-commerce merchants. Enabling payment solutions for any country, any channel, any payment. January 7, 2019. Nets Group | 27 491 abonnés sur LinkedIn. In 2019, Nets generated adjusted earnings before interest, taxes, depreciation and amortisation of EUR 400.00 million on revenue of EUR 1.00 billion. The merged entity will be worth roughly €500 million of EBITDA and €1.3 billion in net revenue. This is the ConCardis company profile. ​​​​​​​In business, change is the only constant. PCI & Industry standard compliant. With the merger, Nets and Concardis Group combine market-leading positions as payment service champions in the Nordics and German-speaking parts of Europe. This is what drives us. Bo Nilsson will lead the combined Group as CEO. The Nets-Concardis merger is finalised resulting in a group entity with €1.3 billion in net revenue, an EBITDA of €500 million, and over 3,500 staff. The deal might also impact the processing relationship that Concardis has with First Data. The merger is subject to approval by the respective authorities. M.: +49 170-3108-978 It will be based in Denmark, where Nets is based, and will be led by Nets CEO Bo Nilsson. With 2,400 employees located in Denmark, Norway, Finland, Sweden and Estonia, we help financial institutions, businesses and merchants across the Nordic and Baltic regions make tomorrow a little easier for their customers while delivering unrivalled security and stability.
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