Concardis

Transaction Summary

Advent International and Bain Capital Private Equity (the “Consortium”) signed a definitive agreement to acquire Concardis GmbH (“Concardis”, the “Company”), a leading German payment service provider, from a group of German private banks, co-operative banks, savings banks and DZ Bank.

Corestar Partners supported the Consortium with comprehensive buy side M&A advisory services, including in-depth strategic, process positioning and valuation services.

Overview of Concardis

Concardis is one of Europe’s leading payment service providers. It has been a joint venture of the German banking sector until now, and the change in ownership marks the beginning of a new phase of investment and planned expansion.

With over 30 years‘ experience in payment processing, the Company offers intelligent solutions to meet the extensive requirements for a modern cashless payment process: ability to accept payments made with all major credit and debit cards, including card terminals and contactless payment processes for face-to-face retailers, innovative solutions for e-commerce and m-commerce, as well as support in the form of customer management.

When it comes to high-performance payment solutions, Concardis is the provider of choice for some 110,000 customers at 210,000 locations using more than 470,000 connected terminals.

Over the past two years, Concardis has grown its transaction volume by 19.1 percent from €35.2 billion to €41.9 billion.

Corestar Partners’ Role

Corestar Partners acted as financial advisor to Advent International and Bain Capital Private Equity, providing in-depth strategic, process positioning and valuation services.