Exclusive financial and strategic advisor to hipay group
GibMédia S.a.r.l (“GibMédia”) agreed to acquire HiPay Mobile (“HiPay Mobile”) from HiPay Group SA (“HiPay Group”) on 19 June 2017. Post-completion, all employees of HiPay Mobile are being retained. As of 28 July 2017, all proposed resolution were passed and the transaction was approved by HiPay Group shareholders.
Corestar Partners supported HiPay Group, providing comprehensive sell side M&A advisory services.
Overview of Hipay Mobile
Founded in 2001, HiPay Mobile, known as Allopass, has become one of the most comprehensive solutions for online transactions. HiPay Mobile facilitates the monetization of small amount digital goods over the internet globally.
HiPay Mobile is the leading micropayment solutions provider in Europe with more than 250 connections to mobile carriers around the world. With one single integration HiPay Mobile’s platform supports all devices (terminals, tablets, mobiles and PCs), and all users (banked or unbanked) in 85 countries with 70 payment methods.
HiPay Mobile’s intelligence lies in agility, security and data. The Company was part of HiPay Group and was carved out.
Corestar Partners’ Role
Corestar Partners acted as exclusive financial advisor to HiPay Group, exploring strategic options for HiPay Mobile, demonstrating Corestar’s deep expertise in advising innovative payment services companies.