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Announced

Zip to acquire QuadPay for $228m.

Financials

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Transaction Value£183m
Consideration TypeOrdinary Shares
Capital Owned15%
Capital Bid For85%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Pending

Financial Data and Systems

installment provider

FinTech

Australia

Acquisition

Private

Single Bidder

Majority

Cross Border

Synopsis

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Zip, an Australian buy-now-pay-later company, agreed to acquire QuadPay, a high growth payments provider, at a valuation of $269m. "This deal will create a global payments business with $2bn annualized TTV, 3.5m+ customers and 26K+ merchants. We’ll be challenging establishment models and changing the landscape in Australia, New Zealand, USA, UK, and South Africa," Zip.

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