Announced

Completed

Marlin Equity-backed iBanFirst completed the acquisition of Cornhill International Payments.

Synopsis

Marlin Equity-backed iBanFirst completed the acquisition of Cornhill International Payments. Financial terms were not disclosed. “We’re really impressed by the quality of service that Cornhill provides. Our success is driven by partnering with like-minded businesses who have the same values as us and Cornhill’s business model fits perfectly within our philosophy at iBanFirst where we believe in cross-border cooperation and first-rate client service. This acquisition supports our ambition to become a global leader in multicurrency payments for SMBs. Our arrival in the UK represents a key milestone and marks our presence in 10 countries. In the future, we plan to continue growing across Europe and are turning our attention in particular to Switzerland, Scandinavia but also North America," Pierre-Antoine Dusoulier, iBanFirst CEO.

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