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New Deal


Announced

Edenred acquired Corporate Spending Innovations.

Financials

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Transaction Value£456m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

payment solutions

Pending

Acquisition

software development

Single Bidder

Friendly

United States

Software

Synopsis

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Edenred, the world leader in transactional solutions for companies, employees and merchants, has signed an agreement to acquire Corporate Spending Innovations, one of the leading providers of automated corporate payment software in North America, for $600m. By acquiring this well-established, fast-growing and profitable fintech, Edenred is now well positioned to seize the multiple opportunities offered by the North American corporate payment market, experiencing fast-paced digitization.

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