Singapore Fintech News: Senjō Group Acquires GVC Holdings’ Kalixa Group

Senjō Group, a global payments operator and fintech investment firm in over 32 countries, entered into an agreement with GVC Holdings PLC to acquire its payments processing business Kalixa Group for a total consideration of €29M payable in cash on completion, subject to a completion accounts adjustment. The total consideration is capped at €35.5 million. Completion of the transaction is subject to a number of domestic and international regulatory approvals but is expected to close during the first quarter of 2017, according to Senjō.

gavin-lock“The acquisition of Kalixa fits well within Senjō Group’s strategy of building out a global payments ecosystem. We believe Kalixa will be complementary to our existing portfolio of payments businesses around the world and will create a combined group that leverages the best of both companies,” indicated Senjō COO Gavin Lock. “This transaction will provide Senjō with a significant bridgehead in Europe supported by a strong Kalixa management team. In return Senjō Group will provide Kalixa with access to a network in Asia and the benefits of being a part of a global specialist payments operator. We look forward to working with the Kalixa team.”

With offices in Vienna and London, Kalixa provides global payment services and enables consumers, small business and merchants to make and accept payments. The company claims to process €11B annually transactions for more than 800 merchants while supporting 100 of the world’s most popular payment methods. In addition to acquiring and gateway capabilities, Kalixa has innovative wallet and issuing technologies and operations. The platform generated revenue in the financial year ended 31 December 2015 of €22.7 million. Kalixa will continue to process payments for GVC and its customers post-completion.

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