Overview of Transaction

• On June 11, 2019, PayU announced the acquisition of iyzico for a total consideration of $165 million
• The transaction is expected to close in the coming months, subject to regulatory approval
• Headquartered in Istanbul, Turkey, iyzico provides secure payments to over 300 marketplace merchants (with over 400,000 subsellers of different sizes) as well as 30,000 online merchants which are using its checkout solution
• PayU, the FinTech and electronic payments arm of internet and media conglomerate Naspers (JSE: NPN), is the leading online payment service provider in 18 high growth markets, dedicated to creating a fast, simple and efficient payment process for merchants and buyers
• With more than 250 payment methods, PayU has more than 1,800 payment specialists based in local markets supporting PayU’s 300,000+ merchants and the millions of consumers making online payments

Significance of Transaction

• Complementing PayU’s own digital offering, the deal will allow PayU to not only strengthen its presence in Turkey but accelerate its SMB business with iyzico’s automated solutions and cross-border product suite
• The acquisition, which adds to PayU’s $500 million investment portfolio, is a further step in the Company’s mission to become both the number one payments provider in every market in which it operates and the world’s leading FinTech investor
• The acquisition will also allow PayU to consolidate its position as a leader in the Turkish payments space and accelerate scale and efficiency across its payments business in Europe, the Middle East and Africa (EMEA)
• iyzico’s Series A round investors, including Speedinvest, realized an 11x return on their investment through the acquisition

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to iyzico
• The transaction highlights FT Partners’ continued success advising leading Payments companies across emerging markets