Matipay acquires Enginko in Strategic Expansion
Deal News | Jan 07, 2025 | Finance Community IT - 1 Corporate M&A
In a strategic move to bolster its mobile payment and digital transformation capabilities, Matipay, a company under Angel Holding, has acquired Enginko, a specialist in payment systems. This acquisition involved comprehensive advisory services with PwC managing financial and business due diligence, while L&B Partners Avvocati Associati handled Matipay's legal proceedings. Symul Finance advised the sellers on financial aspects, and SVS LEX Societ Tra Avvocati Benefit assisted with legal sale, investment agreements, and shareholder agreements. Additionally, Studio CSSF, represented by Partner Luca Sintoni, managed tax and accounting due diligence for the transaction.
Sectors
- Financial Services
- Technology
- Professional Services
Geography
- Italy – Both Matipay and its parent company Angel Holding, as well as Enginko, are likely based in Italy, suggesting the transaction primarily impacts the Italian market.
Industry
- Financial Services – The article is centered around the acquisition of a company specializing in payment systems, indicating its relevance to the financial services industry.
- Technology – Matipay is focused on mobile payments and digital transformations, aligning with the technology sector's ongoing developments.
- Professional Services – Several professional service firms, including legal and financial advisors, are involved in the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Matipay | Bidding Company | Company | A company part of Angel Holding, focused on mobile payment solutions and digital transformation for automated sales points. |
| Enginko | Target Company | Company | A company specializing in payment systems, recently acquired by Matipay. |
| PwC | Financial and Business Due Diligence Advisor | Company | Conducted financial and business due diligence for the acquisition. |
| L&B Partners Avvocati Associati | Legal Advisor to Matipay | Company | Provided legal advisory services for Matipay during the acquisition. |
| Symul Finance | Financial Advisor to Sellers | Company | Handled financial advisory aspects for the sellers in the transaction. |
| SVS LEX Societ Tra Avvocati Benefit | Legal Advisor to Sellers | Company | Assisted with legal sale, investment agreements, and shareholder agreements for the sellers. |
| Studio CSSF | Tax and Accounting Due Diligence Advisor | Company | Conducted tax and accounting due diligence and managed fiscal aspects of the transaction. |
| Angel Holding | Parent Company of Matipay | Company | Parent group of Matipay, involved in a variety of industrial sectors. |