MHS Corporate Finance acted as financial advisor in connection with the acquisition of Nets Holding A/S by a consortium consisting of Advent International and Bain Capital, the leading global private equity firms, and ATP, the Danish pension fund
The Consortium offered a cash consideration of DKK 17.0 billion for 100% of the share capital of Nets Holding A/S, corresponding to a price per share of DKK 92.37. The transaction was completed on 9 July 2014.
Equity value: DKK 17.0 billion
For more information about the transaction, please visit here
About the Consortium
The Consortium consists of funds advised by affiliates of Advent International plc (“Advent” or “Advent International”), Bain Capital Europe, LLP and its affiliates (“Bain Capital”) and ATP (“ATP”, “ATP Private Equity Partners” and “Via Venture Partners”). The Consortium was formed specifically to provide the best mix of skills and experiences to ensure a smooth transition of Nets’ ownership, providing thoughtful governance to the company and working with banking customers and other stakeholders to drive long-term sustainable growth, competitiveness and service quality post-close. To complement Advent and Bain Capital’s understanding of global payments and digital infrastructure, ATP brings a deep understanding of the local environment.
For more information about the Consortium members, please visit:
Advent International: www.adventinternational.com
ATP: www.atp.dk ; www.atp-pep.com ; www.viaventurepartners.com
Bain Capital: www.baincapitalprivateequity.com
About Nets
Nets connects banks, businesses, merchants and consumers via an international network, which facilitates the exchange of digital payments, identities and information – called ‘digital values’.
Founded in 1968, Nets has a strong history of securely handling payments transactions. Nets’ activities include interbank clearing, terminal and PSP services, direct debit, credit transfers, e-invoicing, e-archiving, national e-identity solutions and card acquirer and issuer payment processing. Nets operates the domestic schemes of Dankort, BankAxept, Betalingsservice, Aftalegiro, NemID and BankID and is active in card acquiring through the subsidiary Teller.
Nets was established in 2010 when Danish PBS Holding A/S (owner of PBS and PBS International) and Norwegian Nordito AS (owner of BBS and Teller) merged into a new, common group.
Nets works towards the vision of creating the future of digital values. Reflecting this, the company provides a comprehensive choice of services covering: Cards, Payment and Information Services, eSecurity and Merchant Solutions.
Nets has 2,600 employees in Denmark, Norway, Finland, Sweden and Estonia.
For more information about Nets, please visit: www.nets.eu
