BayBG Successfully Exits IDnow Investment
Deal News | Apr 24, 2025 | Baybg Bayerische Beteiligungsg
BayBG Bayerische Beteiligungsgesellschaft has successfully divested its holdings in IDnow, a prominent European identity verification platform provider. The private equity firm Corsair Capital has acquired a majority stake in IDnow, aiming to drive its growth and leadership further in the digital identity market. BayBG was the first institutional investor in IDnow, having invested in the Munich-based fintech in 2015. It has supported the company’s innovations and growth from its inception. IDnow, established in 2014, is known for its proprietary AI-driven identity verification technologies, addressing cybersecurity needs of global enterprises across diverse sectors such as finance, telecommunications, and travel. Corsair Capital, known for its investments in payment, software, and business services within the financial services sector, plans to propel IDnow’s continued growth and market leadership across Europe and beyond.
Sectors
- Financial Services
- Software
- Investment and Private Equity
Geography
- Germany – IDnow is a Munich-based company, with its operations located in Germany, and the transaction involves a German private equity firm, BayBG.
- Europe – IDnow operates across Europe as a provider of identity verification solutions, and Corsair Capital aims to enhance its presence in the European market.
Industry
- Financial Services – IDnow operates within the financial services industry, providing identity verification solutions critical for cybersecurity in areas such as fintech.
- Software – The development of AI-driven identity verification technologies positions IDnow within the software industry.
- Investment and Private Equity – BayBG and Corsair Capital are involved in investment and private equity activities concerning the acquisition of a stake in IDnow.
Financials
- Not disclosed – The financial terms of the acquisition by Corsair Capital were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BayBG Bayerische Beteiligungsgesellschaft | Selling Company | Company | The first institutional investor in IDnow, divesting its stake to Corsair Capital. |
| IDnow | Target Company | Company | A Munich-based fintech providing identity verification solutions in Europe. |
| Corsair Capital | Bidding Company | Company | An investment firm acquiring a majority stake in IDnow. |
| Andreas Heubl | Investment Manager | Person | BayBG Investment Manager overseeing the investment in IDnow. |
| Andreas Bodczek | IDnow Leadership | Person | Member of the IDnow team, wished success by BayBG. |