Go to deals
Financial Services | TMT

Payconiq International has been acquired by European Payments Initiative

October 2023 — European Payments Initiative (EPI) has acquired the Luxembourg technology provider Payconiq International (PQI) and the Dutch payment solution iDEAL at the same time. The acquisition marked a significant milestone for EPI’s strategy to deliver a unified instant payments scheme and platform in Europe. The completion of these acquisitions further supports EPI’s ambition to become a leading player in the European payments landscape.

PQI is the first European payment company to offer proven, scalable and real-time payment solutions across the entire omnichannel experience. With the latest account-to-account payment technologies, PQI enables banks, merchants and payment solution providers to optimize their customer journey for a frictionless payment flow in an industry where user experience is the differentiator.

EPI is an initiative backed by 16 European banks and financial services companies to progressively build a payment solution tailored for Europe. EPI leverages the instant account-to-account payments infrastructure available in Europe to improve efficiency and remove intermediaries in the payment flow.

The sellers were KBC Bank, Belfius Bank, ING Bank and Rabo Foundational Investments, which are leading commercial and retail banks in Belgium and the Netherlands.

Our role in the transaction

Oaklins’ team in Belgium served as the exclusive M&A advisor to KBC Bank, an integrated bank-insurance group in Belgium and, together with ING Group Investments, as representative M&A advisor to the sellers in the sale of 100% of their shares in Payconiq International.

Parties
“It was a pleasure to experience the professionalism and know-how of the Oaklins team first hand. Thanks to their assistance, we were able to navigate swiftly through the challenging discussions with the various stakeholders involved in this complex transaction and move steadily towards the finish line, helping us to secure this landmark deal within the payment services sector.”

Erik Luts

CIO, KBC Group

Talk to the deal team

Bart Delusinne

Managing Director
Brussels, Belgium
Oaklins KBC Securities

Tibo Steen

Director
Brussels, Belgium
Oaklins KBC Securities

Related deals

DIGMATIX has acquired LLP CRM
Private Equity | Business Support Services | TMT

DIGMATIX has acquired LLP CRM

DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.

Learn more
DIGMATIX has entered Romania through the acquisition of Elian Solutions
Private Equity | TMT

DIGMATIX has entered Romania through the acquisition of Elian Solutions

DIGMATIX, one of the largest providers of Microsoft Business Applications solutions in the region, has acquired Elian Solutions, a Romanian Microsoft Dynamics 365 partner, together with its subsidiary Elian Development Systems. Through the acquisition, DIGMATIX expands its operations into Romania and strengthens its position as a regional leader in the implementation and development of Microsoft Business Applications solutions. The acquisition was financed by an investment from DIGMATIX’s majority shareholder, Baltic private equity fund Livonia Partners, together with financing provided by SEB Bank.

Learn more
Educbank has been acquired by Cogna
Private Equity | Financial Services | TMT

Educbank has been acquired by Cogna

Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.

Learn more