It is unofficially said that the controlling stake in PeP can be sold for over PLN 1 billion
According to unofficial information, Polskie ePłatności, the third largest terminal operator in Poland in terms of the number of devices, may change its owner this year. Currently, the majority stake of its shares is in the hands of the Innova Capital fund, which is looking for a new investor for the company. The value of the transaction may exceed PLN 1 billion. The amount results from the multiplication of last year's EBITDA of a Polish company by 10 to 15 times, which was to amount to approximately PLN 100 million.
Negotiations on the sale of the controlling stake in PeP are to be at the stage of creating a short list of investors interested in taking over the Polish company. The list includes three entities, including Nets and Worldline. The first of these companies is a Danish group that has been investing in Poland for a long time, recently bought the Przelewy24, an online payment integrator, and earlier eCard and Dotpay.
Worldline has also been present in Poland for a long time. Its bought Paysquare, a company operating in our country, and later - in May 2018 - SIX Payments. A few days ago, its announced the acquisition of one of the largest payment terminal manufacturers in the world, the market leader in Poland - Ingenico. We have not been able to determine the identity of the third player interested in taking over PeP.
Polskie ePłatności is the third largest payment terminal operator in Poland in terms of the number of devices. Cashless.pl data show that at the end of the first half last year, he managed a network of 116,000 devices. It was overtaken by two companies, eService (244.5 thousand POS) and First Data (over 164,000 terminals).
PeP, after being acquired by Innova Capital in 2016, is conducting a consolidation process of the Polish payment market. As a result, it managed to take over, among others terminal business of Kolporter and companies PayUp, PayLane, BillBird and recently - TopCard. If our information turns out to be true and the sale of the controlling stake of PeP will take place, it will be one of the largest transactions in the history of the Polish payment market.