German fintech heidelpay to be acquired by investment firm KKR

heidelpayGlobal investment firm KKR is all set to acquire a majority shareholding in the German fintech heidelpay. heidelpay, along with its major shareholder AnaCap have entered into an acquisition agreement with KKR, in a bid to expand its growth across the DACH region and consolidate the European payments landscape.

Mirko Hüllemann, Founder and CEO of heidelpay, said: “We set out to become a market leader in omni-channel payment processing across the DACH region and with AnaCap’s powerful support we have reached our goal in a very short time frame. We are very excited to have attracted renowned global investor KKR to support us in the next stage of our growth journey. With its long-standing experience in financial services and technology and its deep international network, we firmly believe that KKR will help us approaching larger customers and shaping the payment landscape globally. In my role as CEO and partner I’m looking forward to working with a fantastic management team in the next years.”

Established in 2003, heidelpay is a payment service provider offering a range of payment processing services to online and face-to-face merchants. Under AnaCap’s shareholding, heidelpay has sped-up its omni-channel platform, expanded payment products and more.

Daniel Knottenbelt, Member and Head of EMEA Financial Services at KKR, said: “We look forward to working together with Mirko and his highly experienced management team to help heidelpay continue to grow. We see enormous growth potential both organically and through M&A across Europe. We will draw on our deep sector knowledge, track record of working with founders, and our expertise through 20 years of investing in Germany to further shape heidelpay’s unique profile.”

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