Innova Capital to acquire PayPoint Romania

Innova Capital has agreed to buy PayPoint Romania from PayPoint plc.

Innova Capital has agreed to buy PayPoint Romania from PayPoint plc. No financial terms were disclosed. The deal is expected to close on March 31, 2021. PayPoint Romania is a consumer payments operator in Romania.

PRESS RELEASE

Innova Capital, a leading private equity firm operating from Poland, has agreed to buy PayPoint Romania from LSE-listed PayPoint plc. The sale is subject to competition and regulatory approvals, as well as other conditions precedent, and therefore completion is anticipated to take place on 31 March 2021.

– We are delighted to acquire a respected market leader in the bill payments segment on the lucrative Romanian market. Supported by easy access to its terminals, effective relationships with retailers and reliable services, the company is a preferred local brand and trusted partner to utilities and service providers. By leveraging our experience and know-how in payment processing and working closely with company management, we want to support PayPoint Romania’s growth and expand its portfolio of services. PayPoint Romania is a perfect base to develop further payment related services which allow clients access to even safer, quicker and easier payments – said Krzysztof Kulig, Senior Partner at Innova Capital.