Heidelberg-based German Fintech firm, Heidelpay had been looking to potential acquisitions which might follow an Initial Public Offering as well, as the 16-year-old financial technology company had been mulling major expansions across Europe, Heidelpay Chief Executive Mirko Huellenmann said late on Friday, the 24th of January 2020.
In point of fact, latest comment from Heidelpay Chief Executive Mirko Huellenmann came against the backdrop of an earlier deed last year, while the American multinational investment firm, KKR had bought a majority stake in the German online payment processor.
On top of that, recent move of Heidelpay in effect would remark the most extensive course of action of the German fintech firm since KKR had bought a 60 per cent stake in the company last year at a deal worth of €600 million.
Meanwhile, adding that the fintech firm was eyeing 300 to 400 potential mergers and acquisitions over the coming years with a price tag between €2 million and €500 million, Heidelpay CEO Huellenmann said on Friday (January 24th), “Of those 20 or 30 are certainly interesting for us.
An IPO is of course always an option for fresh capital. But KKR just came on board and we have a couple of years of growth ahead of us. ”