Advent International and Bain Capital Private Equity’s Acquisition of Ratepay


Hengeler Mueller advises Advent International and Bain Capital Private Equity on the deal

Advent International (“Advent”) and Bain Capital Private Equity (“Bain Capital”) have signed an agreement to acquire Ratepay GmbH, the German online payment services arm of the Otto Group. It is planned that Ratepay will be integrated with Concardis, the Eschborn-based payment service provider acquired by Advent and Bain Capital in January 2017, representing the first step of a buy and build strategy. Ratepay will retain its brand and will be managed as an independent company within the Concardis Group. The closing of the acquisition of Concardis is still pending. The purchase of Ratepay is subject to approval by the supervisory authorities.

The private equity companies Advent and Bain Capital are among the most experienced investors in the payment services sector with over 20 completed investments globally. The invoice payment specialist Ratepay, founded in Berlin in 2009, provides processing payment methods for online shops.

Hengeler Mueller advised Advent and Bain Capital on the transaction. The Hengeler Mueller team included partners Andreas Hoger (Picture) and Peter Weyland (both M&A), Christian Hoefs (Labour), Christian Schmies (Regulatory) (all Frankfurt), counsels Fabian Seip (IP/IT/Data Protection Berlin) and Mathias Link (Tax, Frankfurt) as well as associates Björn Bork, Maximilian Spindler (both M&A, Frankfurt), Vicki Treibmann (Labour, Düsseldorf), Julia Schlösser-Rost (Berlin) and Julia Weidner (Frankfurt) (both Regulatory).

Involved fees earner: Andreas Hoger – Hengeler Mueller; Peter Weyland – Hengeler Mueller; Björn Bork – Hengeler Mueller; Maximilian Spindler – Hengeler Mueller; Christian Hoefs – Hengeler Mueller; Vicki Treibmann – Hengeler Mueller; Christian Schmies – Hengeler Mueller; Julia Schlösser-Rost – Hengeler Mueller; Julia Weidner – Hengeler Mueller; Fabian Seip – Hengeler Mueller; Mathias Link – Hengeler Mueller;

Law Firms: Hengeler Mueller;

Clients: Bain Capital; Advent International;