23 July 2007
Waterland Private Equity Investments (Waterland) and Prime Technology Ventures (PTV) announced today that they sold their stake in GlobalCollect, the world’s leading international e-payment service provider, to General Atlantic, a US private equity firm. GlobalCollect’s management continues to hold a substantial stake in the business. The terms of the transaction were not disclosed.
Waterland and PTV acquired GlobalCollect in October 2005. Today, GlobalCollect is the world’s premier payment service provider of local payment solutions for international businesses. GlobalCollect is headquartered in Hoofddorp and has sales offices in San Francisco and Singapore.
Lex Douze, principal at Waterland, said "GlobalCollect has achieved tremendous growth over the past few years. We believe that in the next phase, the company continues to be well positioned to capitalize on the ongoing e-commerce growth and expand its leadership in particular in the US and in Asia."
Sake Bosch, managing partner at PTV, commented, "The growth strategy for GlobalCollect has proven to be very successful. The company has now established a much stronger competitive position which is opening up further growth opportunities. We thank the GlobalCollect management team for their contribution throughout our ownership and wish the company, its management and staff continued growth in the future."
The transaction process was managed by Lehman Brothers’ Amsterdam office.
About GlobalCollect
GlobalCollect is the world’s premier Payment Service Provider of local e-payment solutions for international Customer Non-Present (CNP) businesses such as internet, mail, and telephone order and specializes in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online games, and digital content. GlobalCollect offers a full service that is uniquely in a class of its own. While most providers are limiting their payment services to a technical link with payment acquirers, GlobalCollect provides a complete service which includes the contractual and technical connections to local payment processors worldwide, bank account network management, matching, reporting and finally the fund remittance. Clients save precious time and costs and, as a result, are able to focus solely on their core business. Through one single web-enabled technical and administrative interface, our online payment platform offers the largest range of local e-payment methods and currencies in over 200 countries including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, e-Wallets, cash at outlets, prepaid methods, checks, and invoices. GlobalCollect - on the web at www.globalcollect.com
About Waterland Private Equity Investments
Waterland Private Equity Investments is an independent private equity firm operating in The Netherlands, Belgium and Germany, with € 620 million funds under management. Waterland focuses on consolidation strategies, investing in fragmented growth markets in the services sector that are undergoing transformation as a consequence of one or more of the following trends: outsourcing & efficiency, aging population, leisure and luxury. Waterland’s portfolio includes a.o. Fa-Med (market leader in medical A/R management in The Netherlands), Senior Living Group (market leader for private retirement and nursing homes in Belgium) and sds business services (IT-service provider in Germany). Waterland operates from offices in Bussum (The Netherlands), Antwerp (Belgium) and Düsseldorf (Germany).