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New Deal


Announced

Completed

Advent International and Eurazeo-backed Planet completed the acquisiton of Proximis.

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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Friendly

Single Bidder

E-commerce

France

e-payment solutions

software developer

it solutions

Acquisition

Cross Border

e-commerce

Completed

Majority

Private

Private Equity

Synopsis

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Advent International and Eurazeo-backed Planet, a company which provides integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, completed the acquisiton of Proximis, a digital unified commerce platform enabling brands and store chains to offer their customers an online buying experience like an in-store experience. Financial terms were not disclosed. "We are delighted to work with the Proximis team to give retailers a simple unified commerce experience with real time access to stock levels at the moment of purchase. The partnership between Planet and Proximis will offer retailers the ability to deliver this. We are excited to work with our new colleagues, as we continue to enhance Planet's leading global integrated payments platform for Retail and other key verticals," Patrick Waldron, Planet Chief Executive Offer.

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