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Announced

Ebury to acquire Frontierpay.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

payment systems

United Kingdom

Payments / Commerce

Majority

Pending

Single Bidder

Private

Friendly

Synopsis

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Ebury, a fintech company based in London, has agreed to acquire Frontierpay, an international payroll payments provider. Financial terms were not disclosed. The acquisition forms part of Ebury’s broader strategy to invest in technologies that will help accelerate the automation of international payment processes, specifically targeting those within finance and treasury functions of mid-market corporates. “This is a significant milestone for our business and we are delighted to be joining a like-minded minded company with strong cultural alignment. Access to Ebury’s platform and services will allow our already-strong growth rate to accelerate and give our existing clients the benefit of its unique cross-border transaction services, wider geographical coverage, and a large dedicated technology team to drive our product development,” Owain Walters, Frontierpay CEO.

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