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New Deal


Announced

Enel X to acquire a 55% stake in PayTipper.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

Italy

payment services

Acquisition

Friendly

Pending

FinTech

Private

Synopsis

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Enel X, a provider of smart charging solutions, agreed to acquire a 55% stake in PayTipper, a fintech company that offers consumers widespread and easy access to payment services. The acquisition is subject to the suspensive condition of Bank of Italy's authorization. Financial terms were not disclosed. “Enel X's entry into the corporate structure of our company opens up new growth scenarios for PayTipper that will enable us to expand the range of services we offer the public and businesses, in innovative and exclusive ways. The expertise and know-how in the field of payment services, which PayTipper has built up in recent years and which are recognised by the market, will contribute to making Enel X a leading player in this sector,” Angelo Grampa, PayTipper CEO.

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