We have advised Advent International (Advent) on its acquisition of a stake in Planet, an integrated payments leader in retail, hospitality, food and beverage. As part of the transaction, Eurazeo will reinvest and co-control the company with Advent.
Under this agreement, Planet is valued at €1.8bn. With this operation, Eurazeo and its affiliates show a total valuation of 2.5x their original investment and approximately 19% IRR.
Planet is a world-class integrated payments business delivering innovative products and digital services across retail, hospitality, food and beverage sectors. The company provides integrated digital payment services on a unique single platform that offers acquiring, processing, digital wallets, VAT refund and currency conversion services. By partnering with Planet, merchants enhance their customers’ omnichannel experience, while generating additional revenue from Planet’s value-added payments services.
Under Eurazeo and Advent co-ownership, the company will pursue its development through a combination of organic growth and acquisitions.
