Kalixa Payments Group to be acquired by Senjō Group
GVC Holdings Plc, has signed a deal to sell Kalixa Payments Group and its subsidiaries, including PXP Solutions Ltd, Kalixa Accept Ltd and Kalixa Services GmbH to a privately held investment firm, Senjō Group Pte. Ltd. To read the complete market announcement, click here.
The new ownership represents a great opportunity for the Kalixa Payments Group to strengthen our position on the market and build a global footprint. It will give us the stability and long term support we need to further develop our platform and product portfolio for the benefit of our customers and partners.
The deal was signed on 19th December 2016, but it is still subject to a number of domestic and international regulatory approvals. Once those approvals have been obtained the deal is expected to complete in Q1 2017.
The Senjō Group is a global payments operator and financial technology investor with a portfolio of around 19 fast-growing companies in payments, e-commerce, remittances, trading and factoring. Its strategy is to build a portfolio of high-growth companies that can leverage the convergence of technology and global payments.
Gavin Lock, Chief Operating Officer, Senjō Group, said: “Kalixa is an excellent business backed by a strong team. Buying Kalixa fits well with our strategy of building a global payments ecosystem. We believe Kalixa will be complementary to our existing portfolio of payments businesses around the world. In return we will provide Kalixa, its employees and customers with the benefits of being a part of a global specialist payments operator.”
“We look forward to working closely with Senjō Group and benefiting from their global network and footprint to increase our global reach and enhance services for our customers and partners.” said Kamran Hedjri, Kalixa CEO. “Our innovative technology and expertise in acquiring, issuing, aggregation, gateway and wallet combined with Senjō’s payment network and know-how will help us accelerate the growth of our business.”