16 November 2017
Gernandt & Danielsson advised Nordic Capital in connection with the sale of the payments company Bambora to Ingenico Group
Gernandt & Danielsson advised Nordic Capital Fund VIII in connection with the sale of shares in Bambora to Ingenico Group.
Nordic Capital Fund VIII has divested global payment company Bambora to Ingenico Group for an enterprise value of approximately EUR 1.5 billion.
Today, Bambora simplifies payments and helps 110,000 customers to grow in 70 different markets, manages transactions with a value of over EUR 55 billion per year, of which more than 70% are online and mobile. Bambora gained 15,000 new customers during the first six months of 2017, had an annual revenue amounting to EUR 202 million in 2016 and is performing with a very high organic growth. Bambora employs more than 700 people, of which 400 are newly recruited in the last 2.5 years.
Ingenico Group is the global leader in seamless payment with the world’s largest payment acceptance network, and generated revenues of over EUR 2.3 billion in 2016.
The transaction closed on 14 November 2017.
Gernandt & Danielsson’s team consists of Partners Carl Westerberg, Corinne Ekman, Caroline Jägenstedt Wikman and Rolf Larsson, Senior Associate Erika Olofsson and Associates Lukas Åhman, Maja Adler and Simon Sörlien.