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EBRD backing Innova Capital s buy of Romania s PayPoint
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Innova Capital acquires Romania s PayPoint with EBRD backing
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ENGLISH SECTION: Innova Capital acquires Romania s PayPoint with EBRD backing
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Deloitte Romania assisted Innova Capital in the acquisition of PayPoint Romania
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PayPoint completes sale of Romanian business to Innova Capital for 48 mln British pounds
Apr 09, 2021 11:31 EEST
BUCHAREST (Romania), April 9 (SeeNews) – UK-based payment solutions provider PayPoint said that it has completed the disposal of Romanian business to CEE-focused private equity firm Innova Capital for 48 million British pounds ($66 million/ 56 million euro).
The sale is consistent with PayPoint s focus on its key strategic priorities and the delivery of enhanced growth and value in its core UK markets, PayPoint said in a press release on Thursday. Consistent with the step change in our UK-focused strategy, we are pleased to have completed the sale of PayPoint Romania, PayPoint Plc CEO Nick Wiles said.