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Announced

30 Oct 2019

China Unionpay to acquire a 20% stake in Smartro from BCcard for $33m.

Synopsis

China Unionpay, a company operating bank trading systems, agreed to acquire a 20% stake in Smartro, a provider of computer programming services, from BCcard, a provider of credit and financing services, for $33m. The investment would help BCcard upgrade its payment platform with China UMS's digital payment service technology.

Principals

target

SMARTRO

bidder

China Unionpay Co

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Market Context

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Seller Team (1)

seo kyung cheol

President and CEO at SMARTRO

Manager

target

Deal

£ 25 M

Total Value

Bidder Team (3)

kevin liao

Senior Consultant at KPMG

Financial Advisor

bidder

Deal

£ 25 M

Total Value

wenchao shi

CEO at CHINA UNIONPAY CO LTD

Manager

bidder

Deals

£ 113 M

Total Value

gary j xu

Partner at KPMG

Financial Advisor

bidder

Deal

£ 25 M

Total Value

Vendor Team (1)

lee dongmyun

CEO at BC CARD

Manager

vendor

Deal

£ 25 M

Total Value

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