Management Buy-Out Global Collect
Global Collect's Management Buy-Out from TNT, Partners: Waterland Private Equity Investments and Prime Technology Ventures.
We represented the management team of Global Collect in the company’s successful buyout from international delivery services provider TNT.
Since its inception in 1994, Global Collect has grown into one of the world’s leading payment service providers. The company enables international e-commerce merchants to enhance sales by accepting 150 local payment methods in 170 countries. Motivated by the fact that payment services were not part of TNT’s core business, Global Collect’s management team approached us with serious interest in buying the company.
We worked closely with the Global Collect management team to secure TNT’s approval for a management buyout. We prepared all relevant documentation, managed vendor due diligence, and approached potential investors in the Netherlands, Belgium, France, the UK and the US. We led negotiations on behalf of the management team and achieved an excellent transaction for all stakeholders in three months.
What happened next?
Between 2005 and 2013, Global Collect consistently grew its gross revenue by more than 50 percent annually, from approximately €20 million in 2005 to over €300 million in 2013 with an EBITDA of €50 million. After multiple transactions, the Ingenico Group, a listed French payment processing company, acquired Global Collect in 2014 for €820 million. We have continued to support the management of Global Collect since the company’s initial MBO.