Nets

Ownership

Owned by

Nexi

Terminals under its own name · 1

• SmartPOS

Deals

• May 2022·acquired orderbird — orderbird announced on 11 May 2022 its sale to Nets, part of Nexi Group, which had been a long-standing partner and shareholder through Concardis and had increased its stake in late 2021. The release, headed 'now fully part of the Nexi family', says orderbird continues as a separate business unit within Nexi with its management in place after the change in ownership; no price was disclosed.
• Nov 2020·acquired by Nexi — All-share merger; Nets shareholders (H&F, Advent, Bain, GIC) received ~39% of the combined group
• Oct 2020·acquired CCV Schweiz SA — Nets Group announced on 23 Oct 2020 the acquisition of CCV Schweiz, a Swiss provider of card terminals and related services, cash register integration and loyalty systems with around 34,000 payment terminals, from CCV Group, saying completion was expected within weeks. Nets reported on 30 Jun 2021 that the legal merger of CCV Schweiz with Concardis Schweiz AG was completed and the two continue as Nets Schweiz AG; no price was disclosed.
• Mar 2020·acquired Polskie ePłatności — Nets announced on 11 Mar 2020 the acquisition of PeP, a Polish merchant acquirer with more than 125,000 POS terminals and over 600 employees, at an enterprise value of €405M. Cashless.pl reported on 27 Oct 2020 that the Nets Group had finalised the acquisition, valued at PLN 1.8bn.
• Jan 2020·acquired Poplatek and Poplapay — Nets announced on 9 Jan 2020 that it had acquired Poplatek and Poplapay, completing both purchases on 8 Jan 2020; no price was disclosed.
• Aug 2019·sold Mastercard Inc — Mastercard agreed to buy most of Nets' Corporate Services business for €2.85B; the European Commission cleared it with conditions in August 2020 and Nets completed the sale in March 2021.
• Aug 2019·acquired PayPro (Przelewy24) — Nets and PayPro combined Przelewy24 with Dotpay and eCard under the holding P24 DotCard, in which Nets holds 51%; Nets had filed for Polish competition clearance to take control of PayPro in January 2019. The brands were kept.
• Jun 2018·acquired Concardis — All-share merger: Concardis shareholders contributed their shares for Nets shares, with no cash consideration and no disclosed value, forming a group with ~€1.3B net revenue and ~€500M EBITDA under Hellman & Friedman, Advent and Bain
• Jun 2018·acquired Dotpay and eCard — Nets agreed to buy the Polish online PSPs Dotpay and eCard from MCI Capital and completed on 4 January 2019. Nets did not publish the price; Polish press reported about PLN 315M.
• Sep 2017·acquired by Hellman & Friedman — Evergood 5 AS, controlled by Hellman & Friedman funds with GIC, Advent International, Bain Capital, Sampo, StepStone and Fisher Lynch as co-investors, offered DKK 165 a share in cash, valuing Nets at DKK 33.1B. Holders of 46% of the shares backed the offer at announcement.
• Sep 2016·acquired by — IPO on Nasdaq Copenhagen inside a DKK 130–160 indicative range: about DKK 5.5B of new shares plus a sell-down by Advent International, Bain Capital, ATP and management. Nets stayed listed for barely a year before Hellman & Friedman took it private again.
• Jun 2015·acquired Nordea Merchant Acquiring — Nets agreed on 15 Jun 2015 to buy Nordea's merchant acquiring business for EUR 230m (DKK 1.7bn) on an enterprise value basis, expecting to close in the fourth quarter of 2015. Nets' results release for 2015 records the acquisition as made that year.
• Dec 2014·acquired Paytrail — Nets acquired an 80% majority of Paytrail, a Finnish e-commerce PSP, in December 2014; the price was not disclosed. Paytrail later served as Nets' vehicle for further Finnish acquisitions such as Checkout Finland.
• Oct 2014·acquired DIBS Payment Services AB — Nets offered SEK 82.50 per share for the listed Swedish online PSP DIBS, valuing its share capital at about SEK 790M, and reached about 87.2% by the end of the extended acceptance period on 23 December 2014, with settlement from around 8 January 2015. DIBS processed payments for more than 15,000 online shops.
• Aug 2014·acquired Payzone Nordic AB — Nets said on 12 Aug 2014 that it had acquired Payzone Nordic, which processed over 150 million transactions a year, served more than 15,000 points of sale and had annual sales of about SEK 70m. The transaction closed on 24 July 2014 and no price was disclosed.
• Mar 2014·acquired by Advent International — The consortium signed in March 2014 to buy all of Nets from its 186 bank shareholders for DKK 17.0B in cash, DKK 92.37 a share; the banks also kept the 2013 dividend of DKK 498M. Advent committed DKK 2.6B of equity and ATP DKK 300M of equity plus DKK 3.3B of payment-in-kind notes. Nets then had 2,600 staff in Denmark, Norway, Finland, Sweden and Estonia and had processed over 6 billion card transactions in 2013. The consortium's completion release is dated 8 July 2014.
• Sep 2009·acquired Nordito — The merger was public by 24 September 2009, when Danmarks Nationalbank issued a statement on it (https://www.nationalbanken.dk/en/news-and-knowledge/press/archive/2009/the-merger-between-nordito-and-pbs-24-09-2009), and took effect on 9 September 2010 according to Norway's Finance Minister, who described the result, the Danish Nets Holding A/S, as owned by Norwegian and Danish banks, with Teller AS as its Norwegian subsidiary (https://www.stortinget.no/no/Saker-og-publikasjoner/Sporsmal/Skriftlige-sporsmal-og-svar/Skriftlig-sporsmal/?qid=48850). The group launched as Nets on 10 September 2010, headquartered in Copenhagen with more than 2,200 staff in five countries, and kept financial acquiring under the Teller name. PBS and BBS had already run card processing together under the Nets name since spring 2007.