Friday, February 26, 2021
Vts-Finance
No Result
View All Result
  • Home
  • Finance
  • Personal Finance
  • Business
  • Economics
  • Entrepreneurship
  • Finance Sources
  • Asset
  • More
    • Finance Advice
    • Accounting
    • Finance Concepts
    • Corporate finance
  • Home
  • Finance
  • Personal Finance
  • Business
  • Economics
  • Entrepreneurship
  • Finance Sources
  • Asset
  • More
    • Finance Advice
    • Accounting
    • Finance Concepts
    • Corporate finance
No Result
View All Result
Vts-Finance
No Result
View All Result
Home Corporate finance

Paypoint to snap up two card payment firms

admin by admin
November 11, 2020
in Corporate finance
0
Paypoint to snap up two card payment firms
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter


Paypoint to snap up two card payment firms

A pair of card fee and terminal leasing companies look set to be snapped up by Welwyn-headquartered Paypoint in a deal price £70m.

The takeovers are of Handepay and Service provider Leases come at a time when card funds within the UK proceed to develop, with a major improve in utilization seen in the course of the ongoing pandemic.

The acquisition of Handepay specifically will create a mixed nationwide card funds operation serving greater than 30,000 SMEs, spanning the grocery, auto commerce, clothes, family items and hospitality sectors.

Chief business officer Mark Latham will be a part of the PayPoint govt board as card companies director, chargeable for the mixed playing cards portfolio, whereas gross sales director Ian Kennedy will undertake the identical function throughout each the PayPoint and Handepay groups, reporting to retail companies director Ben Ford.

Andy Peake will proceed as chief govt of Handepay till completion, and can then act as a guide to PayPoint.

Nick Wiles, chief govt of PayPoint, mentioned: “Our acquisition of Handepay and Service provider Leases will considerably improve our card funds functionality and broaden our SME buyer base.

“This necessary step refocuses PayPoint in the direction of a core progress space and creates synergies by way of cross promoting of different PayPoint companies and leveraging the dimensions of the mixed enterprise.”

Peake added: “I imagine we have discovered the correct dwelling in PayPoint to take us to the following stage of our progress.

“The entire staff are excited to be becoming a member of the PayPoint Group and benefiting from the dimensions, experience and market management that they’ve in-built omni-channel funds and know-how during the last 24 years.”

PwC undertook monetary and tax due diligence on behalf of PayPoint, whereas Freshfields Bruckhaus Deringer LLP acted as authorized adviser to the corporate.

PwC additionally acted as lead company finance adviser and JMW as authorized adviser to the shareholders of Handepay and Service provider Leases.



Source link

Advertisement Banner
Previous Post

Oconee Financial Corporation (OSBK) Reports Third Quarter 2020 Results

Next Post

Pfizer’s CEO cashed out 60% of his stock on the same day the company unveiled the results of its COVID-19 vaccine trial

admin

admin

Next Post
Pfizer’s CEO cashed out 60% of his stock on the same day the company unveiled the results of its COVID-19 vaccine trial

Pfizer's CEO cashed out 60% of his stock on the same day the company unveiled the results of its COVID-19 vaccine trial

Discussion about this post

Recommended

Digital Asset Exchange Bittrex Lists Popular Shares for Trading Including GME, AMC, BB, NOK and SLV

Digital Asset Exchange Bittrex Lists Popular Shares for Trading Including GME, AMC, BB, NOK and SLV

4 weeks ago
American Honda Foundation Awards Grants to Support Literacy, Job Training and STEAM Education Programs – Yahoo Finance

American Honda Foundation Awards Grants to Support Literacy, Job Training and STEAM Education Programs – Yahoo Finance

3 weeks ago

Don't Miss

CFOs On the Move: Week Ending February 26

CFOs On the Move: Week Ending February 26

February 26, 2021
Amanda Staveley loses High Court battle against Barclays

Amanda Staveley loses High Court battle against Barclays

February 26, 2021

FTSE 100 tumbles as bond sell-off spooks markets – business live | Business

February 26, 2021
New drawings show vision for Ely school project

New drawings show vision for Ely school project

February 26, 2021

What is Finance

Finance is a term for matters regarding the management, creation, and study of money and investments. Finance can be broadly divided into three categories, public finance, corporate finance, and personal finance. There are many other specific categories, such as behavioral finance, which seeks to identify the cognitive (e.g., emotional, social, and psychological) reasons behind financial decisions.

Recent News

CFOs On the Move: Week Ending February 26

CFOs On the Move: Week Ending February 26

February 26, 2021
Amanda Staveley loses High Court battle against Barclays

Amanda Staveley loses High Court battle against Barclays

February 26, 2021

Categories

  • Accounting
  • Asset
  • Business
  • Corporate finance
  • Economics
  • Entrepreneur
  • Finance
  • Finance advice
  • Finance Concepts
  • Finance Sources
  • Personal Finance

Follow Us

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

© 2020 Vts-Finance

No Result
View All Result
  • Home
  • Finance
  • Personal Finance
  • Business
  • Economics
  • Entrepreneurship
  • Finance Sources
  • Asset
  • More
    • Finance Advice
    • Accounting
    • Finance Concepts
    • Corporate finance

© 2020 Vts-Finance