AnaCap to Acquire A Majority Stake in Market Pay

The leading specialist mid-market private equity investor AnaCap Financial Partners (“AnaCap”) is set to acquire a majority stake in Market Pay from the Carrefour Group (“Carrefour”) in a deal valued close to €300 million.

The transaction is expected to complete in H1 2021, subject to the consultation of works council and to the usual closing conditions (including regulatory and antitrust approvals).

The acquisition will allow Market Pay to increase in-store efficiency by reducing checkout time and improving customer experience. It helps boost merchant sales by providing customers with a wide range of payment methods. It supports e-commerce transition for Point of Sale (“PoS”) focused retailers and offers secured payment transactions by optimising payment tunnels and reducing fraud risk for merchants.

Nassim Cherchali, Partner for M&A at AnaCap, commented: “Market Pay is uniquely positioned at the heart of the deep, fragmented and rapidly developing European payments ecosystem, benefiting from the consumer shift from cash to card and offline to online. AnaCap is uniquely positioned to support the management team and internationalise into new markets across Europe, investing in and securing franchise growth while also implementing our best-in-class technology practices. AnaCap has great experience in the payments space and we are very excited to begin the next phase of growth with Market Pay.”

Frédéric Mazurier, Chairman at Market Pay, commented: “The Carrefour Group were keen to partner with a company that had a strong track record both in the payments sector and in growing fintech businesses internationally with innovative operational strategies. We believe that AnaCap represent the perfect choice to help us develop and explore new markets outside of the Carrefour Group and we look forward to, pending completion, an exciting new chapter for the company in 2021 and beyond.”

Market Pay is an innovative end-to-end omnichannel payments platform operating in multiple countries, offering comprehensive one-stop-shop solutions for merchants and fintech companies.