Dutch leading payment services company, Buckaroo, has been acquired by French private equity firm BlackFin Capital Partners. The transaction is expected to be completed in the third quarter.
Buckaroo, a full-service billing and payment service provider for SME to large enterprise clients, was acquired by Paris-based private equity firm BlackFin . According to the company, Buckaroo has about 60 employees and provides services to more than 4,500 clients. The acquisition still needs to go trough the conditions and approval of the Dutch central bank and the process is expected to finish at the end of the third quarter of 2017.
Founder and partner of BlackFin, Eric May commented on the acquisition: “This investment marks our strong interest in the attractive payments space in the Netherlands. We are looking forward to working together with the management team of Buckaroo and support them in realizing their exciting growth path.”
Andre Valkenburg, CEO of Buckaroo, said “We are very pleased with BlackFin as our new shareholder. With their knowledge and experience in accelerating growth, we will roll out an ambitious growth strategy and expand the service to our customers”
This recent investment in the Netherlands is guided by BlackFin’s Benelux team and it aims to accelerate growth in the rapidly expanding e-commerce segment of the market. During the deal, BlackFin Capital was advised by Kempen & Co, Loyens & Loeff, Regulation Partners and Ernst & Young.
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