Advised Carlyle Cardinal on the sale of its portfolio company, Payzone, one of Ireland’s largest providers of payment solutions, to AIB Group and First Data Corporation
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.