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New Deal


Announced

WEX to acquire Payzer for $261m.

Financials

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Transaction Value£215m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Single Bidder

United States

software development

Software

Domestic

Private

Acquisition

Pending

Friendly

Synopsis

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WEX, a global commerce platform, agreed to acquire Payzer, a high-growth, cloud-based, field service management software provider, for $261m. “We are thrilled at the prospect of providing an exciting new offering for our Mobility customers with the anticipated acquisition of Payzer. Payzer's top-tier service offering and feature set is at the convergence of SaaS and payments. Payzer is an example of us finding a high-growth market with a customer base that overlaps with our current customer footprint, with a great product and service offering to address the needs of these customers,” Melissa Smith, WEX Chair, CEO and President.

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