Announced
Completed
Financials
Tags
Acquisition
Friendly
Single Bidder
Minority
Private Equity
Luxembourg
Completed
Private
online payment services
FinTech
Cross Border
Synopsis
Advent International, a global private equity firm, completed the acquisition of MANGOPAY, a payment solution provider. Financial terms were not disclosed. “We are thrilled to welcome Advent as the new shareholder and growth partner for MANGOPAY. Their investment alongside their deep payment expertise and network will help us significantly accelerate our development. Tomorrow, global exchanges, innovative business models and new consumer habits will bring more complexity and intermediaries to the payments landscape. MANGOPAY is well positioned to tackle these challenges and I’m very excited about the innovation that we will bring to market and to our existing clients. We are also grateful to Arkea, who have been supportive shareholders since 2015,” Romain Mazeries, MANGOPAY CEO.
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