Bryan, Garnier & Co advises Ogone Payment Services and its main shareholder Summit Partners on the acquisition of EBS (E-Billing Solutions)

Bryan, Garnier & Co advises Ogone Payment Services and its main shareholder Summit Partners on the acquisition of EBS (E-Billing Solutions)

News published on September Tuesday 27, 2011
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Paris, New Delhi, September 27th, 2011 - Bryan, Garnier & Co, the investment bank focused on growth companies, is proud to announce that it has acted as sole financial advisor to Ogone Payment Services and its main shareholder Summit Partners on the acquisition of EBS (E-Billing Solutions) for an undisclosed sum.

Thanks to the acquisition of EBS, the second largest independent online payment services provider in India, Ogone has entered the rapidly expanding Indian payments market. This represents Ogone's first acquisition and its first move outside the European market.

Headquartered in Brussels, Belgium, Ogone is one of the main European service providers specialized in the processing of online payments, with more than 30.000 customers in 45 countries. The company provides a range of electronic payment solutions covering a number of areas, including e-commerce, ticketing, call centres or the hotel industry.

EBS is one of the pioneers in the online payment processing industry in India and one of the very few private players in the market with a revolutionary combination of IT firm and Financial Institution. EBS witnessed commendable growth over the years with a 300% increase in its merchant base. EBS has offices in Chennai, Mumbai, Hyderabad, Bangalore, Delhi, Kolkata and Thiruvananthapuram.

The key management team will continue with the firm in building Ogone's India franchise. In addition, EBS will gain strategic advantage with the help of Ogone's global best practices, innovative products targeted towards various stakeholders and most importantly, acting as the gateway to Ogone's large roster of international clients.

Peter De Caluwe, CEO of Ogone Payment Services, said: "Only 8.4% of the Indian market is currently online but this translates to 100 million users which makes it the fourth largest online country in the world and this is set to grow rapidly with online travel accounting for 80% of the commerce in India. Acquiring a leading company such as EBS represents huge potential for us and our European merchants."

Anmol Nayyar, Executive Director at Bryan Garnier New Delhi said: "This represents a pioneering transaction in a sector that is closely linked to India's explosive internet and consumer growth. We are proud to have been an integral part of this transaction which underlines our commitment and ability to originate and execute complex cross-border transactions. For our global clients we at Bryan Garnier continue to present a team which is local in both Europe and India and which is uniquely qualified to add real value and deep insight."

Thibaut De Smedt, Managing Partner at Bryan, Garnier & Co said: "The completion of this transaction demonstrates the ambition and capability of Bryan Garnier to assist leading European companies to expand their presence in the high growing Indian market."

François Arpels, Managing Director at Bryan, Garnier & Co, responsible for the firm's cross border transactions involving Bryan Garnier India further added: "This successful transaction advising a highly sophisticated investor in connection with its acquisition of a leading business in India is testimony to Bryan Garnier's intimate expertise as required in the context of the execution of cross border transactions between Europe and India which we see expanding especially in sectors like healthcare, technology, consumer goods and retail."

For more information, please contact:

About Ogone Payment Services: www.ogone.com

Ogone Payment Services is one of the main European service providers specialised in the processing of online payments, with more than 30.000 customers in 45 countries. The company provides a range of electronic payment solutions covering a number of areas, including e-commerce, ticketing, call centres or the hotel industry. This includes both business-to-consumer solutions and business-to-business services (purchasing cards). With its transactional functionalities and extensive back-office capabilities, the Ogone Payment Services offering is one of the most comprehensive available today.

Ogone Payment Services is connected to the banks by certified interfaces and hence is able to handle international methods of payment such as Visa, MasterCard, American Express, Diners Club and PayPal, as well as local payment methods, including iDeal and Machtigingen in the Netherlands, Maestro UK in the United Kingdom, Bancontact/Mister Cash in Belgium, ELV and giropay in Germany, Carte Bleue in France, Dankort and eDankort in Denmark etc

Ogone Payment Services is an independent company with Summit Partners as majority stakeholder and partner of the management team.

Ogone Payment Services has offices in Belgium, the Netherlands, France, Germany, Switzerland, Austria and the United Kingdom.

About EBS: www.ebs.in

EBS is one of the pioneers in the Indian online payment processing industry and one of the very few private players in the market with a revolutionary combination of IT firm and Financial Institution.

EBS witnessed commendable growth over the years with a 300% increase in its merchant base. The company won the confidence of the Industry, Banks as well as Payment Card industry brands as a prominent player in the market. This was evident as more banks showed interest in associating with EBS that subsequently led to EBS being enrolled as Member Service Provider with multiple banks. EBS systems provide advanced technologies to Indian e-Merchants via a user-friendly console, multiple payment options, faster process of transactions & simple Customer online experience.

EBS has offices in Chennai, Mumbai, Hyderabad, Bangalore, Delhi, Kolkata and Thiruvananthapuram.

About Bryan, Garnier & Co

Bryan, Garnier & Co is an independent investment bank specialising in European TMT, Healthcare and Renewable Energies growth companies. Bryan, Garnier & Co is positioned in three activities: Equity Research & Brokerage, Asset Management and Corporate Finance.

With more than 120 professionals based in London, Paris, New York and Geneva, Bryan, Garnier & Co combines the range of services and the expertise of top-tier investment banks with the level of attention to clients of a boutique.

Through its corporate finance practice, Bryan, Garnier & Co has became a leader in advising European growth companies on strategic finance transactions such as mergers & acquisitions, equity capital market, LBOs and private placement over the last three years.

Bryan, Garnier & Co is authorized and regulated by the Financial Services Authority (FSA) in the United Kingdom, and is member of London Stock Exchange and Euronext, Alternext Listing Sponsor, and is active on all European capital markets.

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