Reading Time: 1 minute
Nordic Capital Fund IX, a closed private equity fund managed by Nordic Capital has stricken a deal to acquire Trustly, the company which provides a solution for Online Banking ePayments through its direct payments technology.
In association, Bridgepoint Development Capital, the largest shareholder in Trustly, will dispose of its full equity interest in the company, with the management, founders and investment firm Alfvén & Didrikson remaining as the significant shareholders.
Nordic Capital said the acquisition will back up its goal of becoming the “leading global online banking payments provider”. The purchase remains subject to approval by the Swedish Financial Supervisory Authority.
Nordic Capital partner and advisor Fredrik Näslund said: “Direct bank payments are the future of payments and Trustly is leading this transition. Nordic Capital views Trustly as a highly strategic payment platform with unique capabilities. We intend to support the management team and founders in the journey to becoming the global account-to-account infrastructure player by providing capital and experience from our previous successful investments in payments.”
Oscar Berglund, the Chief Executive of Trustly, added: “The shift towards online banking-based payment solutions is only in its infancy and we are looking forward to continuing to innovate and execute so as to make it easier, safer and quicker for both consumers and merchants to make payments online. We are delighted to partner with Nordic Capital whose support will be of great value as we grow across merchant verticals, products, and geographies.”
However, the Financial terms of the deal were not disclosed.
Source: European Gaming Industry News