Point Acquires Paybox
- Sweden-based e-PSP Point purchased its French counterpart Paybox. Paybox was founded in 2000 and provides cash collection solutions to e-merchants as well as for card present payments, including automatons (CATs, Cardholder Activated Terminals). It is one of the main players on the French market, along with Atos SIPS and Monext Payline.
- In Northern Europe, Point processes payments for 500,000 physical points of sales and online stores, including in the UK and Baltic States.
- After the acquisition of the French POS installer and maintainer Xileo in 2010, Point confirms its ambitions to expand to Southern European countries. With Paybox, it acquired the last major independent e-PSP in France.
- At the same time, Nordic Capital funds, shareholder since 2004, let slip it could pull out from Point. JPMorgan, hired to be in charge of this sale, could bank on 300 million euros. This illustrates the value generated by Point’s successive purchases supporting its driving ambitions.