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Announced

Motive Partners to invest $50m in Splitit.

Financials

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Transaction Value£39m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

Minority

Private Equity

Friendly

financial services

Financial Data and Systems

Acquisition

Cross Border

Private

Pending

Single Bidder

Synopsis

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Motive Partners, a private equity firm, agreed to invest $50m in Splitit, a financial services company. "We are delighted to secure this significant capital commitment from a world-class private equity sponsor. Motive is the ideal partner to help us drive future value creation due to its extensive payments expertise, value-additive capabilities, and deep industry relationships. The Board unanimously concluded that the Proposed Transaction represents the best available opportunity to create long-term value for Splitit’s existing shareholders,” Dawn Robertson, Splitit Chair.

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