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New Deal


Announced

Eurazeo-backed Planet to acquire 3C Payment.

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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Private Equity

Payments / Commerce

Private

Single Bidder

Majority

Friendly

payment solutions

Acquisition

Pending

Luxembourg

Synopsis

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Eurazeo-backed Planet, a payments company, agreed to acquire 3C Payment, a payment solutions provider. Financial terms were not disclosed. When combined with Planet, we create a new and unique proposition that simplifies the payment experience for merchants, acquirers and their customers. While the Covid-19 pandemic has left global markets in a state of uncertainty, this deal leaves us well placed to support even more businesses as demand bounces back,” Patrick Waldron, Planet CEO.

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