WCAS acquires majority share in GlobalCollect

GlobalCollects senior management will continue to hold the remaining stakes in the company and also manage its operational business. The transaction terms have not been revealed.

This strategic move is further testimony to GlobalCollect’s success story over the last 16 years, during which we continuously outperformed market benchmarks. A success based on our unrivalled portfolio of payment methods and full service concept which helps our online merchants to expand their business and increase revenues in turn. We thank General Atlantic for the excellent cooperation and look forward to continuing our strategic growth strategy in collaboration with WCAS.”, according to Jan Manten, CEO of GlobalCollect.

GlobalCollect is a provider of e-payment services for international Customer Not-Present (CNP) channels such as internet, mail and telephone orders, and specialized in a wide range of industries such as travel, ticketing, telecommunications, retail, publishing, portals, online gaming, and digital content. Via its interface platform WebCollect, the company provides access to a portfolio of local and international payment methods in over 200 countries, including all major credit and debit cards, direct debits, bank transfers, real-time bank transfers, eWallets, cash at outlets, prepaid methods, checks, and invoices.

“As a payment partner we offer a solution rather than a product. We set-up a single IT interface to handle all payment methods across all countries combined with consulting on local legislation, popular local payment methods and cultural pitfalls”, Jan Manten told The Paypers during an interview.

Welsh, Carson, Anderson & Stowe is a private equity firm specializing in mezzanine investments, management buy-outs, acquisitions, growth equity financings, public-to-private transactions, follow on investments, financial restructurings, joint ventures, and recapitalization investments. The firm typically invests in information/business services and healthcare.