NEOPAY Majority Stake Acquired by Arcapita and DgPays for $385 million
Deal News | Jan 06, 2025 | Zawya
In a significant transaction within the digital payments sector, a consortium formed by Arcapita Group Holdings Limited and DgPays has concluded a deal to acquire a majority stake in NEOPAY from the financial institution Mashreq. The transaction, valued at $385 million, is set to propel NEOPAY, a leader in payment solutions, towards ambitious growth and market expansion efforts in the Middle East. Mashreq retains a minority stake in NEOPAY, emphasizing its continued commitment to the company’s progress. The partnership underlines a collective focus on innovation and expansion within the digital payments domain, especially in the MENA region. Both Arcapita and DgPays play a strategic role in this acquisition, with Arcapita’s substantial investment expertise and DgPays’ technological prowess and wide service offerings expected to contribute significantly to NEOPAY’s growth trajectory.
Sectors
- Digital Payments
- Private Equity
- Financial Technology
Geography
- United Arab Emirates – The transaction involves NEOPAY and Mashreq, both based in the UAE.
- Turkey – DgPays, a participant in the acquisition, is headquartered in Turkey.
- Middle East and North Africa (MENA) – The article discusses the transaction in the context of expanding digital payments services across this region.
Industry
- Digital Payments – The article focuses on the acquisition involving NEOPAY, a leader in digital payment solutions and services in the Middle East.
- Private Equity – Arcapita is a global alternative investment firm, and the transaction was completed by a consortium including a private equity firm.
- Financial Technology – DgPays, involved in the acquisition, is a financial infrastructure technology provider in the EMEA region.
Financials
- $385 million – The acquisition price for the majority stake in NEOPAY by the Arcapita and DgPays consortium.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NEOPAY | Target Company | Company | A digital payments leader in the UAE, providing merchant services and processing solutions. |
| Mashreq | Selling Company | Company | A leading financial institution in the MENA region, selling the majority stake in NEOPAY. |
| Arcapita Group Holdings Limited | Bidding Company | Company | A global alternative investment firm involved in acquiring the stake in NEOPAY. |
| DgPays | Bidding Company | Company | A financial infrastructure technology provider involved in the acquisition of NEOPAY. |