AnaCap acquires fintech arm of Carrefour in €300m deal

Carrefour will book a gain of €245m after it agreed to sell a 60% stake in its payments platform Market Pay to private equity firm AnaCap Financial Partners.

The French grocer group said that the all-cash deal gives the business an enterprise value of about €300m.

The sale should help speed up the development and diversification of Market Pay, which handles 1.3 billion transactions per year and is expected to have sales of more than €30m this year.

The deal is expected to close in the first half of next year.

Source: Private Equity News