Vestor Corporate Finance Sp. z o.o. („Vestor Corporate Finance”) acted as an exclusive financial advisor to Przelewy24.pl („Przelewy24”)which concluded in a strategic alliance with Currency One S.A. („Currency One”), the largest operator of online foreign exchange platforms in Poland, with atotal currency turnover of more than PLN 14 bn annually.
Internet services belonging to Przelewy24 and Currency One will operate within one group. The main aim of cooperation of Przelewy24 and Currency One is to develop a group operating on modern financial services market.
Vestor Corporate Finance executed comprehensive buy-side process along with acquisition of transaction financing. Vestor Corporate Finance team was responsible for preparation of negotiations strategy, transaction structuring, coordinating due diligence process, negotiating terms of transaction, support in preparing transaction documentation and acquisition of transaction financing. Settlement and closing of the transaction was carried out by Vestor Dom Maklerski.
Currency One is an operator of internet services internetowykantor.pl and walutomat.pl. Currency One has been awarded many times for the best and most innovative solutions on the currency exchange market and holds a leading position in the segment of non-bank online currency exchange providers. Currency One’s services are already used by more than 450,000 customers, who in 2016 exchanged the equivalent of PLN 14.5 bn.
Przelewy24 is a part of a group operating on the Internet services market. Przelewy24 services enables online payments on the e-commerce market. Przelewy24 cooperates with over 60 thousand contractors.