Press Release December 21, 2017

Planet Payment to be Acquired by Fintrax for €219 Million

The Mergers and Acquisitions team advised Planet Payment, Inc. in its definitive agreement to be acquired by Fintrax for €219 million ($257 million). Eurazeo, a leading global investment company listed in Paris, is contributing €109 million to the financing of this acquisition as the majority shareholder in Fintrax since 2015. The combined business will employ over 1,000 staff in 40 offices across the world and will process over €15 billion in payment-related services in 2017.

Planet Payment’s suite of solutions, including a service that allows banks and merchants to offer customers personalized payments in their home currency at the point of sale, online or at the ATM, are complementary to Fintrax Group’s current product offering, which includes VAT refund services as well as similar dynamic currency conversion payment processing services.

Planet Payment is a leading provider of international payment processing and multi-currency processing services.

The Goodwin team was led by partners James Matarese and Blake Liggio and included partner Michael Minahan; and associates Lillian Kim and Tobias Schad.

For additional details on the acquisition, please read the press release.