Vienna-based Payment Service Provider mPAY24 sold
Vienna, July 08, 2015. Founder and former paysafecard CEO Michael Müller acquires the company.
Vienna-based Payment Service Provider (PSP) mPAY24 announces a change in ownership. Its founder and CEO Tom Wolf will step down. As the company has announced on Wednesday the founder and former CEO of paysafecard, Michael Müller, acquired 100% of the shares in a tender process. The purchase price has not been announced.
ACXIT Capital Partners acted as exclusive M&A adviser to the shareholder of mPAY24.
(text source: http://futurezone.at/b2b/wiener-zahlungsdienstleister-mpay24-verkauft/140.385.053, German only)
mPAY24 was founded in 1995 and since 2002 provides payment services to e-commerce shops as a PSP. According to the company, mPAY24 has more than 1,600 clients and 14 employees. Financial results have not been published. mPAY24 has its main office in Vienna and a branch office in Berlin. (www.mpay24.com)
About ACXIT Capital Partners
ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.
To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)
ACXIT Capital Holding GmbH
60323 Frankfurt am Main
Dr. Ingmar Ackermann, Managing Partner
Berend Yntema, Managing Partner
Kai-Peter Burger, Managing Partner