Eight Advisory performed the financial and tax buy-side due diligence of Market Pay in connection with its acquisition by AnaCap
Eight Advisory has been mandated by AnaCap to conduct the financial and tax buy-side due diligence of Market Pay.
Market Pay is a fintech created in 2016 within the Carrefour group and employs 60 people. This technological solution provides a centralized payment method for all the brands of the brand (card, contactless or mobile payment). Market Pay operates a volume of 1.3 billion transactions per year, manages 45,000 payment terminals and 5 million cards, for a turnover that will exceed 30 million euros in 2020.
The arrival of AnaCap, a British investment fund specializing in financial services, with a 60% stake, should enable Market Pay to accelerate its diversification and development outside of Carrefour. The transaction will increase the company’s value on the basis of an enterprise value of €300 million.
Eight Advisory carried out the financial buy-side due diligence, the team was composed of Stéphane Vanbergue and Corentin Bélard.
Eight Advisory Avocats carried out the tax buy-side due diligence, the team was composed of Guillaume Rembry, Baptiste Gachet and Jeremy Cosma.