Go to deals
Financial Services | TMT

Payconiq International has been acquired by European Payments Initiative

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.

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

Bart Delusinne

Managing Director
Brussels, Belgium
Oaklins KBC Securities
 Tibo  Steen

Tibo Steen

Associate Director
Brussels, Belgium
Oaklins KBC Securities
 Nicholas  Matthyssens

Nicholas Matthyssens

Associate
Brussels, Belgium
Oaklins KBC Securities

Related deals

Sopheon has been acquired by Wellspring Worldwide
TMT

Sopheon has been acquired by Wellspring Worldwide

The shareholders of Sophean plc. have sold the company to Wellspring Worldwide.

Learn more
Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse
Private Equity | TMT

Driv Kapital enters into partnership with renowned specialized IT consultancies SOCO, Gnist and Forse

Driv Kapital Fund I has acquired 38% of the shares in the newly established group consisting of Soco Norge AS (SOCO), Gnist Consulting AS (Gnist), Forse.NET AS (Forse.NET) and Forse Mobil AS (Forse Mobil). The companies’ founders, management and employees will own the remaining 62%. The partnership involves the creation of a new parent company which will have 100% ownership in all the companies, which until now have been owned by their founders and employees.

Learn more
ATG Europe has sold a majority stake to Pauwels Consulting
Private Equity | Aerospace, Defense & Security | Business Support Services | TMT

ATG Europe has sold a majority stake to Pauwels Consulting

ATG Europe, a pan-European provider of high-end professional consulting, IT and engineering services for the space and nuclear fusion domains, has agreed to sell a majority stake to Pauwels Consulting, a prominent player in science and technology consulting.

Learn more