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Sell-Side M&A
PayDo is a B2B fintech startup providing digital payment services for banks, payment institutions and corporates. The company has an IP-protected platform from which five business lines were developed, and was looking for a strategic partner to drive innovation in the payment sector in Italy and abroad.
The company found a strong fit with TXT E-Solutions, an international IT group listed on Borsa Italiana's STAR segment (~ €300 million in revenue), operating as an end-to-end provider of consultancy and software solutions.
Growth Capital supported PayDo throughout the process, conducting due diligence, drafting the business plan, negotiating with the investor, and coordinating the entire process. The deal included an initial €2 million investment for a minority stake, with TXT granted options to increase its ownership in two subsequent steps up to 30% and then 51% of the capital.
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The company found a strong fit with TXT E-Solutions, an international IT group listed on Borsa Italiana's STAR segment (~ €300 million in revenue), operating as an end-to-end provider of consultancy and software solutions.
Growth Capital supported PayDo throughout the process, conducting due diligence, drafting the business plan, negotiating with the investor, and coordinating the entire process. The deal included an initial €2 million investment for a minority stake, with TXT granted options to increase its ownership in two subsequent steps up to 30% and then 51% of the capital.
