Acquisition do Syspay par EMP Corp
Advised by Largillière Finance, EMP Corp acquired Syspay
Founded in late 2013 by Gilles Moro, Hervé Arnould and Franck Pilarek, three payment services professionals, EMP Corp is an innovative provider of payment services based in Luxembourg. The company is particularly active on the business of processing secure online payments and e-currency offline (vouchers).
EMP Corphas significant competitive advantages that result in strong barriers to entry. In very strong growth since its creation, the company has electronically processed more than 400 million euros of transaction volume in 2018.
In close partnership for several years, the EMP Corp shareholders have mandated the investment bank Largillière Finance with the objective of acquiring a company holding the status of European EME (Electronic Money Issuer). This approval is very difficult to obtain and few payment service companies get it.
Among the mergers proposals with European fintech identified by Largillière Finance, EMP Corp’s shareholder-managers have decided to retain SysPay, a Maltese company operating in the European Union countries. Founded in 2012 by experts in the online payment industry, the company was one of the first European companies to achieve European EME status.
About EMP Corp
Based in Luxembourg, EMP Corp is an European payment service provider specializing in online payment solutions. The company is developing an innovative e-wallet to process online merchant credit cards, prepaid purchase vouchers for Internet purchases and prepaid card management. In 2017, EMP Corp generated close to € 12 million in revenues for more than € 3 million in EBITDA.
About SysPay
Based in Malta, SysPay is an European Financial Institution with the status of EME. The company offers merchants a unique, transparent payment solution to accept all payments anywhere on any device in 23 currencies. SysPay is also the first payment institution dedicated to the hotel sector.
2019
Largillière Finance Experts
- Nicolas Ibanez
- Florian Leginy
Counterpart
With this acquisition, we are taking a significant step forward in our development project which aims to make us a benchmark player in payment services with more than a billion EUR in volume of transactions over three years. Time to obtain EME status is very long in practice. Largillière Finance, thanks to its unique and very comprehensive knowledge of EMEs in Europe, made it possible to realize our strategy in a few months.
Gilles Moro
Co-founder and CEO of EMP Corp
We are very proud to have supported EMP Corp and its shareholders for several years in their ambitious development plan. This acquisition allows the company to increase its technological and regulatory advantage over its competitors.
Nicolas Ibanez
Partner at Largillière Finance
Largillière Finance, the independent M&A advisor for growth companies
As an independent specialist in mid-cap transactions, Largillière Finance advises executives and shareholders on their capital transactions, including disposals, acquisitions, LBOs, financing solutions (equity and/or debt), financial engineering (valuation, etc.) and financial strategy advisory.
With more than 45 investment bankers and professionals, a strong presence in Paris, across the French regions (Bordeaux, Lyon, Nantes) and internationally, Largillière Finance has completed nearly 400 transactions and established itself as a leading market player.
Largillière Finance is a member of REACH Cross-Border M&A, a global M&A advisory network specialized in the mid-market segment, bringing together more than 400 investment bankers across major financial centers in over 30 countries.
