Overview of the transaction
On May 24, 2021, Zip Co, announced the exercise of their call option to acquire the remaining shares of Twisto, in a stock and cash transaction valued at approximately €99m.
Twisto is a leading Central and Eastern European Buy Now Pay Later provider.
Zip Co is a leading global Buy Now Pay Later provider with operations across five markets: Australia, New Zealand, UK, USA and South Africa
The combination will expand the market opportunity for both companies.
Overview of Twisto
Twisto was founded in 2013 by Michal Smida and his founding team, who will remain with the company after this transaction.
Twisto has developed a unique omnichannel credit platform, giving customers full control and freedom to pay over short and longer-term instalments.
Twisto has processed more than 15 million transactions for over 1 million customers since inception.
The company is a leading regional player in CEE, with core markets of Poland and the Czech Republic.
Twisto is also a principal member of MasterCard with a primary issuing license and partnered with Marqeta to offer card solutions across Europe.
Royal Park Partners' role
Royal Park Partners acted as exclusive strategic and financial advisor to Twisto and its shareholders (Elevator ventures, Finch Capital, Ing, Kreos Capital, Uniqa Ventures, Velocity Capital and Orbit Capital).
This transaction highlights Royal Park Partners’ unrivalled experience in the Buy Now Pay Later / Specialty Finance space, and history of assisting with the creation of meaningful returns for our Fintech clients and investors.
Disclaimer
The information contained in this document and any communication or documents or other materials distributed at or in connection with the document (together, the "Presentation") is confidential and is being made to or directed to in the United Kingdom only to (i) persons who have professional experience in matters relating to investments (being "investment professionals" within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")) or (ii) persons falling within Article 49(2) ("high net worth companies, unincorporated associations etc") of the FPO or (iii) persons who are otherwise permitted by law to receive it (all such persons being "Relevant Persons"). This presentation may not be disseminated, distributed or used without the prior written consent of Royal Park Partners and Sapia Partners LLP (the “Companies”). The information contained in the Presentation is not intended to be viewed by, passed on or distributed (directly or indirectly) to, any other category of persons. Any investment or investment activity to which the Presentation relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. This Presentation must not be acted or relied upon by persons who are not Relevant Persons. Royal Park Partners is an Appointed Representative of Sapia Partners LLP, which is authorised and regulated by the Financial Conduct Authority.
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