Technology & Payments,Financial Services
Payment solution services
Fully realised (former holding)
In May 2015, the Bambora Group was launched as a Nordic-based payment service group, offering online, in-store and mobile payment solution services. Already from the beginning the Group's ambition was global and Bambora succeeded in being one of the very few payment providers with omni channel payment capabilities and global reach.
By July 2017, when the Ingenico Group (publ.) signed the agreement to acquire Bambora, the company processed close to EUR 50 billion in annual transaction volumes worldwide and provided payment solution services to more than 450,000 merchants in Europe, North America and APAC.
Nordic Capital has tracked the payments markets for more than ten years and had previously invested in a similar business, Point, in 2004.
Leveraging our strong sector knowledge and network, we were able to engage with SEB to initiate a semi-exclusive process for acquiring Euroline, the base business for Bambora.
Three add-on acquisitions were also identified through proactive sourcing efforts before the platform investment in Euroline was completed.
Building the business
In July 2017, less than three years after inception, Nordic Capital Fund VIII sold Bambora to Ingenico Group (publ.), one of the world’s largest payments companies for an Enterprise Value of approximately EUR 1.5 billion. The acquisition provided Bambora with the potential to maintain its rapid growth momentum by leveraging its technology platform within the Ingenico Group; whilst also enabling Ingenico to strengthen its online positioning and growth profile.
This information was updated in November 2017