Go to deals
Financial Services

The Card Network agrees 100% sale to global payments technology company InComm Payments

The Card Network (TCN), the leading provider of gift card and payment solutions, has been sold to global payment technology company, InComm Payments. The transaction signals an exciting new chapter of growth in the Australian gift card industry and provides InComm with the opportunity to leverage TCN’s deep understanding of the sector, enabling use of its market-leading multi-brand gift card products.

Founded in 2019 by two pioneers of the local gift card industry, Nick Sims and Richard Hewitt, TCN has forged a reputation as the leading provider of creatively themed, multi-brand gift cards, with a proven record of delivering innovative and reliable products to the gift giver and receiver.

Founded in 1992 in the USA, InComm is a global payment solutions company that transforms the global commerce experience through innovative payment technology for retailers, brands and consumers.

Oaklins’ team in Australia acted as lead M&A corporate advisor to TCN. The team worked alongside TCN and its two majority shareholders, to run a comprehensive process leading to a successful outcome for both parties. The transaction adds to Oaklins’ track record in the fintech and payments sector, demonstrating our ability to work closely with business owners and founder-led businesses to bring deep industry knowledge and deal expertise to secure a path to liquidity.

Parties

Talk to the deal team

 Chris  Tait

Chris Tait

Managing Director
Melbourne, Australia
Oaklins Henslow
 Valentin  Couleau

Valentin Couleau

Associate Director
Melbourne, Australia
Oaklins Henslow

Related deals

PCI Pal has completed an equity raise
Financial Services | TMT

PCI Pal has completed an equity raise

PCI Pal has completed a fundraising. Funds will be allocated towards several key areas, with a significant portion directed towards supporting its continued expansion in the US, focusing on marketing efforts, product marketing and enhancing engagement with key partners.

Learn more
Yanva & Disava Capital partners with French Retail to enter the fashion industry
Private Equity | Consumer & Retail | Financial Services

Yanva & Disava Capital partners with French Retail to enter the fashion industry

Yanva & Disava Capital partners with French Retail to enter the fashion industry by acquiring an 80% stake in the company. Yanva & DIsava Capital will support the business on its growth journey of opening new retail shops, further expanding its digital presence and developing even more the brands Celio and Etam on the local market.

Learn more
Fidelius receives a significant investment by Söderberg & Partners
Financial Services

Fidelius receives a significant investment by Söderberg & Partners

Fidelius Ltd, an independent financial services group, has received a significant investment by Söderberg & Partners, one of the Nordic region’s leading financial advisors.

Learn more