Heidelpay

Transaction Summary

AnaCap Financial Partners (“AnaCap”) signed an agreement to acquire a controlling stake in Heidelpay, a leading German online payment service provider (PSP). As part of the transaction, the Co-Founders and existing management will retain a minority stake in the business.

Corestar Partners supported the founders of Heidelpay, providing comprehensive sell side M&A advisory services.

Overview of Heidelpay

Founded in 2003, Heidelpay is a full-service PSP that facilitates payment acceptance on behalf of online merchants. The platform is 100% proprietary, serving more than 14,500 primarily online businesses across the DACH and Benelux regions, and processes transactions across more than 200 payment methods, covering online, mobile and point-of-sale channels.

Heidelpay operates in a fast-growing market driven by the continued expansion of global e-commerce. Processed volumes globally are estimated to grow by around 17% a year and are likely to reach close to €4 trillion by 2019, while the addressable market in Europe alone is estimated to be around €154 billion at present.

Heidelpay itself has seen significant expansion over the past three years. It processes a significant share of e-commerce volumes in its target markets with an above market CAGR of more than 20% since 2013. Heidelpay intends to grow its business organically and inorganically, broadening its offering in existing jurisdictions and across the payments value chain, launching additional products and functionalities, and potentially entering other select EU markets.

Corestar Partners’ Role

Corestar Partners acted as exclusive financial advisor to the founders of Heidelpay, exploring strategic options for its shareholders, demonstrating Corestar’s deep expertise in advising innovative payment services companies.