10 2023

Sale to

Exclusive financial advisor to ABN Amro

Transaction Summary

ABN Amro has sold its 49% stake in payment processing joint venture EMS to Fiserv. Founded in 2005 as a joint venture, EMS is a Netherlands-based digital payments business, providing infrastructure and technology for processing payments between merchants and their customers.
The company currently counts 40,000 clients in 25 markets and membership of 13 national payment schemes. Previously, EMS was part of International Card Services, the Netherlands‘ largest credit card issuer for consumers and business credit cards
In a statement, the Dutch bank says: „ABN Amro regularly reviews its investments and concluded in consultation with Fiserv and EMS that EMS will be best served in its next chapter of growth by being wholly owned by Fiserv.“
Fiserv formerly owned 51% of EMS and has now acquired, with immediate effect, the outstanding 49% stake from its former partner.

Corestar Partners’ Role

Corestar Partners acted as exclusive financial advisor to ABN AMRO on this strategic transaction.
This transaction underlines Corestar Partners’ #1 position as Europe’s undisputed M&A advisory market leader in the payment service sector and furthermore highlights Corestar Partners leading position in European Fintech M&A.
The acquisition of Tillhub represent Corestar Partners’ 38th transaction in the European Fintech sector. The long list includes advisory mandates to Payrexx, Datatrans, Clearhaus, QuickPay, 3DSecure, Paysafe Group, Borgun, Sipay, Heidelpay, Vibbek, mPAY24, PCS, Simplepay, HiPay, Concardis, Sofort, and Klarna, among others.