Worldline : End of the POS saga?
>Apollo is reportedly ready to make an offer for Worldline's POS business for € 2bn ($ 2.3bn), or ~6-7x estimated EBITDA - According to the WSJ on Friday, the investment fund Apollo is ready to offer Worldline $ 2.3bn, or ~€ 2bn, for its POS business. Although the segment has suffered, we still estimate EBITDA for the POS business at around € 280-300m (vs € 330m previously), which points to a multiple of between 6x and 7x EBITDA. For a mature business (zero growth on...Worldline is a financial transaction processing company based in France. Co's operations are organized along three segments covering payments and digital services: Merchant Services & Terminals (facilitating consumer engagement around end-to-end e-payment transactional services on any device – before, during and after the point of sale); eMobility and eTransactional Services (assists businesses and governments in developing new digital services enabling strategic digital transformation); and Financial Processing & Software Licensing (provides processing services to banks and financial institutions for managing card-based and online cashless payments).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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