Frankfurt am Main, 23 January, 2019
SKYE PARTNERS has provided legal advice to heidelpay Group, backed by AnaCap Financial Partners on the acquisition of the Frankfurt based Universum Inkasso Group. The parties have agreed not to disclose the terms of the transaction.
Universum Inkasso Group, consisting of four companies, is headquartered in Frankfurt am Main and originally emerged from the Arcandor Group. The company is is an innovative payment service and debt collection provider that specialises in “PayLater” solutions – the largest and fastest growing payment method in DACH for e-commerce merchants. UNIVERSUM’s platform covers the entire receivables lifecycle, from credit-checking to recovery once debt collection is required, both in Germany and globally.
Based in Heidelberg, the heidelpay Group is one of the fastest-growing and most innovative fintech service providers in Germany, with revenues increasing more than 5.5x to EUR 90 Mio. and a transaction volume expected to reach circa EUR 8 Billion, driven by a 5x increase in the number of transactions to 140 Mio.. The international payment processing specialist uses its own specially developed solutions such as payment via invoice, instalment payment, direct debit, direct payment and prepayment – and those of leading providers of credit cards or wallet solutions. As a payment institute authorised by the German Financial Supervisory Authority (BaFin) and with over 16 years of experience in e-commerce and at the POS to its credit, the heidelpay Group allows companies of all sizes to effect worldwide payment transactions. With the acquisition of the Universum Inkasso Group, heidelpay is expanding its payment services offering.
AnaCap Financial Partners is a private equity fund, established in 2005, and has raised funds with aggregate commitments of EUR 4.6 billion across private equity and credit opportunities strategies. Its private equity team is focused on transforming and building fast growing, dynamic businesses and maximizing asset performance through active, on-going operational involvement.
SKYE PARTNERS’ M&A and Private Equity advisory team advised heidelpay for the first time on the legal topics required for the transaction, its legal due diligence and transaction execution.
Advisors to AnaCap / heidelpay:
SKYE PARTNERS, Frankfurt a.M.: Holger Scheer (Lead), Christoph Breithaupt, Jana Kalbfleisch, Julia Rosigkeit, Sandra Brieske (all M&A/Private Equity); Jutta Schneider (Tax); Bettina Carr-Allinson (IP/IT/Commercial, BCA Law); Dr. Michael Witteler, Britta Alscher, Jonas Kannen (Labour Law, PW Legal).
DLA Piper, Frankfurt a.M.: Semin O, David Klock (both Cartel Law)
Advisors to the Sellers:
Rödl & Partner, Frankfurt a.M.: Frank Bernadi, Stefan Breider, Tim Schaub (all Corporate / M&A).
Holger Scheer – SKYE PARTNERS
Tel: +49 69 99999 3800
About SKYE PARTNERS:
SKYE PARTNERS (www.skye-partners.de) is active since February 2018 as a transaction law firm, specializing in corporate law, venture capital, private equity and mergers and acquisitions. With more than 25 years of international experience in corporate transactions, we use state-of-the-art software technology to form and coordinate bespoke teams for our clients’ complex transactions. Thereby, SKYE PARTNERS already developed a growing network of more than 400 legal advisers at 17 locations in the major jurisdictions of Europe, America, Asia and the Middle East.
SKYE PARTNERS uses only those colleagues who are perfectly suited to the respective client, both professionally and personally, and with whom long-standing contacts already exist.
The knowledge of our clients, their business and the industries and markets in which they operate is the basis for a true added value for our clients. We share this knowledge with our global cooperation partners and thus offer modern, integrated and global consulting at the highest level.
Our clients include leading private equity firms, venture capital funds, investment banks and companies across a range of industry sectors, including healthcare, services, consumer products, software & technology, ITC & TMT, SAS, e-commerce and digital entertainment.