Sell-side M&A

HelloPay

HelloPay - a FinTech company serving over 5 million end users, specializes in cashless payment technologies and innovative point-of-sale systems - has been acquired by OTP Group, a publicly listed regional banking leader operating in more than 10 countries across Europe.

Deal summary

Our client, HelloPay, a Hungary-based FinTech company, specializes in seamless payment solutions, innovative point-of-sale systems, and cashless payment technologies, serving over 5 million end users. The company has been acquired by OTP Group, a publicly listed regional banking leader with a market capitalization of €13 billion and operations in more than 10 countries across Europe.

Deal rationale

HelloPay has rapidly established a strong presence in the retail and event market, serving over 5 million end users. With the acquisition of HelloPay, OTP Mobil – boasting over 3 million registered users – strengthens its portfolio of innovative services and gains a significant opportunity for further expansion and market growth.

Absolvo's contribution

Our M&A team provided comprehensive advisory services to the shareholders, including business and financial planning support, company valuation, investor outreach, assistance with Q&A, negotiation of LOIs, guidance during due diligence, negotiation of the SPA, and support through signing and closing.

‍

"From the first moment they were characterized by very open and honestcommunication. They picked up the thread practically immediately (…) It wasastonishing to see how well they could understand the business, and they laidout extremely professional materials. This peaked in the negotiation phaseitself, they knew when it was worth stretching (…) They were supportive fromstart to finish."

Norbert Varga  •  Founder & CEO of HelloPay

The deal team

Akos Kovacs
Director
Lenard Horgos
Founding Partner

Further deals...

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