Advised The Logic Group, a leading provider of omni-channel payments solutions, on its sale to Barclays
Sep 2014
acquired by
  • Sector: Digital Banking & Payments
  • Deal Type: Strategic Deals; Founder-led Businesses
  • Engagement type: Sellside
  • Size: <$200m
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Arma Partners is pleased to announce that it has acted as exclusive financial advisor to The Logic Group Holdings Limited (“The Logic Group”), Susquehanna Growth Equity, a US-based private equity fund, and the founder-management group on the sale of the company to Barclaycard, the global payments business of Barclays.

The Logic Group is a specialist provider of managed payments services and mobile loyalty schemes across Europe. The company is an industry leader in the provision of omni-channel payments solutions and security.

This transaction demonstrates Arma Partners’ continued strength in the payments sector and the firm’s ability to deliver highly successful outcomes for private equity-backed businesses.

– The Logic Group is a specialist provider of managed payments services and mobile loyalty schemes across Europe

– The company is an industry leader in provision of omni-channel payments solutions and security, with its systems processing c.30% of UK card transactions

– The Logic Group’s portfolio of customers includes leading European brand names in retail, financial services, telecoms, hospitality and entertainment sectors

– Barclaycard, part of Barclays Bank PLC, is a leading global payments business that helps customers, retailers and businesses make and take payments flexibly, and to access short term credit and point-of-sale finance

– The company is a leader in the provision of new forms of payments and is a major developer of cutting edge payment schemes

– Barclaycard partners with organisations across the globe to offer their customers a variety of payment options and credit solutions

– The Logic Group’s acquisition will provide Barclaycard’s clients with access to a wider suite of innovative products and services, including. The Logic Group’s transaction processing capabilities from multiple sales channels (store, online and mobile) – through a single platform

– The Logic Group will also extend to Barclaycard industry leading security compliance standards, including P2PE solutions, and enable Barclaycard to fully comply with the latest PCI DSS regulations

– Barclaycard’s clients will also gain the benefit of The Logic Group’s loyalty programmes and data insights solutions, which create a single customer view for a wide range of leading brands

– Arma Partners supported The Logic Group throughout the exit process, including the performing of financial analysis, strategic positioning, valuation, preparation of marketing materials, interactions with strategic counterparties, and led negotiations on the transaction terms

– Arma Partners helped create significant competitive tension for the asset to enable a value optimizing outcome

– Overall, Arma Partners assisted the management and owners of The Logic Group to realise their strategic objectives, drawing on Arma’s extensive experience in the Payments sector