AIB, First Data to buy majority of Payzone for 100 mln euros

AIB Group plc and First Data Corp have acquired a majority Payzone via a joint venture. The deal is valued at up to 100 million euros ($113 million). Carlyle Cardinal Ireland is the seller. Arma Partners provided financial advice to Carlyle Cardinal.

PRESS RELEASE

Arma Partners is pleased to announce that it has acted as exclusive financial advisor to Carlyle Cardinal Ireland on the acquisition of its portfolio company, Payzone, by a newly-formed joint venture established by AIB Group plc and First Data Corporation. The joint venture will acquire a majority stake for an enterprise value of up to €100 million.

Payzone is one of Ireland’s largest providers of payment solutions, with its technology allowing both large and small Irish businesses to accept payments online, in store, on the road and over the phone. The company processes 125 million transactions annually for 100+ client companies and operates Ireland’s largest retail payments network, with 11,500+ points of sale throughout the country.

The sale of Payzone reinforces Arma Partners’ deep sector expertise in the payments ecosystem and highlights our ability to identify the best buyers and deliver high-value outcomes on strategic transactions.

Further details on the transaction can be found at:www.armapartners.com/deals