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Announced

Completed

Eurazeo, Sprints Capital and Wellington Management completed a $180m investment in PPRO.

Financials

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Transaction Value£132m
Consideration TypeCash
Capital Owned-
Capital Bid For18%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

payment infrastructure

Venture Capital

Friendly

FinTech

Cross Border

Private Equity

Completed

Minority

United Kingdom

Acquisition

Synopsis

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Eurazeo, Sprints Capital and Wellington Management, three investment companies, completed a $180m investment in PPRO, a provider of local payments infrastructure, valuing the company at c.$1bn. “I am very proud of what the PPRO team has accomplished. Beyond securing the support of such prestigious investors and achieving a milestone valuation, we’ve enabled our customers to grow at record numbers during what has been a tough time for many. By giving businesses the ability to offer payment choice, we’ve helped give people around the world better access to goods and services that improve their lives,” Simon Black, PPRO CEO.

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