Schroder British Opportunities Tst. Rapyd acquires PayU GPO (2686I)
04 Agosto 2023 - 3:00AM
UK Regulatory
TIDMSBO
RNS Number : 2686I
Schroder British Opportunities Tst.
04 August 2023
Schroder British Opportunities Trust plc
Rapyd acquires PayU GPO
Schroder British Opportunities Trust plc ("SBO" or the
"Company") is pleased to confirm that one of its private equity
investments, Rapyd, the leading global Fintech-as-a-Service
provider, has announced the acquisition of PayU Global Payment
Organisation ('GPO'; not including PayU's India, Turkey and
Southeast Asia operations) from Netherlands-based Prosus.The deal
is subject to regulatory approval.
PayU GPO is a leading provider of best-in-class payment
solutions to both enterprise and SMB segments in emerging markets,
operating in over 30 countries worldwide. Rapyd will purchase PayU
GPO for $610 million.
Rapyd's industry-leading fintech platform, extensive global
payments network, and local markets expertise, coupled with the
acquisition of PayU GPO, further solidifies Rapyd's position as a
dominant global fintech leader continuing the company's trajectory
towards an IPO. The acquisition is a strategic move that continues
the company's global expansion across emerging markets in Central
and Eastern Europe and Latin America. Combined with PayU GPO, Rapyd
boasts an unprecedented:
- 100+ transacting countries
- Over 250,000 merchant clients globally
- Expansion of the Rapyd Global Payments Network to over 1,200
payment methods supported by 18 settlement hubs
- 41 countries that are licensed or regulated
- A portfolio of Tier 1 enterprise clients including Adidas,
Google, Ikea, Meta, Netflix, Rappi and Uber
- A wide range of partner channels that acquire SMB merchants
including integrated software vendors (ISVs), independent sales
organizations (ISOs) and payment facilitators (PayFacs)
- A combined global workforce of 1700, working in 22 offices
worldwide and representing 50+ nationalities
SBO announced its investment into Rapyd in January 2021, as part
of the company's $300m Series D financing round. SBO investment is
via its co-investment partner for this deal, Target Global, a
pan-European growth and venture-focused firm and early stage
investor in Rapyd. In August 2021, the Company confirmed that Rapyd
had completed a $300m Series E funding round, which resulted in an
uplift to the Company's investment. This followed news of Rapyd's
acquisition of Icelandic payments solutions company, Valitor, which
was announced in July 2021.
Tim Creed and Pav Sriharan, two of the Company's co-portfolio
managers, commented: "We are delighted with the progress that Rapyd
has made since our initial investment and are pleased to see the
announcement of this acquisition, which will continue to drive the
company's strong global expansion and enhance Rapyd's payment
capabilities."
Enquiries:
Schroder Investment Management Limited
Paula Lockwood (Company Secretarial)
Augustine Chipungu (PR) 020 7658 6000
Peel Hunt
Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales) 020 7418 8900
About Schroder British Opportunities Trust plc 'SBO'
SBO invests in a diversified portfolio of UK-focussed public and
private equity companies that the team believe possess long-term
growth prospects.
Further information on the Company is available at
www.schroders.com/sbo
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCSSEFIDEDSEEA
(END) Dow Jones Newswires
August 04, 2023 02:00 ET (06:00 GMT)
Schroder British Opportu... (LSE:SBO)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Schroder British Opportu... (LSE:SBO)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024