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New Deal


Announced

Visa to acquire a 20% minority stake in Interswitch for $200m.

Financials

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Transaction Value£200m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Acquisition

Private

payment processing

Payments / Commerce

Nigeria

Minority

Friendly

Pending

transaction processing

Single Bidder

Synopsis

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Visa, a payments technology company, agreed to acquire a 20% minority stake in Interswitch, an integrated payment and transaction processing company, for $200m. Visa will join Helios Investment Partners, TA Associates and IFC as the primary shareholders in Interswitch. Andrew Toree, Visa’s regional president for Europe, the Middle East and Africa said that Africa — the world’s second-fastest growing banking market — is a “priority region” for the company.

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