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Announced

Advent International to acquire a minority stake in Planet from Eurazeo.

Financials

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

Tags

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Payments / Commerce

Private

payments

Friendly

Private Equity

Single Bidder

Domestic

Minority

United States

Pending

Acquisition

Synopsis

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Advent International agreed to acquire a minority stake in Planet, a global integrated payments provider, from Eurazeo. Financial terms were not disclosed. “This new investment will accelerate the rate at which we develop and roll-out new innovations. It will ensure we are able to offer our customers and partners a world-leading range of payments solutions in keeping with consumers’ ever changing needs and expectations,” Patrick Waldron, Planet CEO.

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