iZettle acquisition by PayPal
2018
STJ Advisors acted as financial advisor to the board of iZettle AB, a leading provider of commerce solutions tailored for small businesses in Europe and Latin America, on the company’s IPO process which resulted in its USD 2.2 billion acquisition by PayPal Holdings, Inc.
In an assignment lasting almost exactly one year, STJ advised on all key aspects of the IPO, including selection and appointment of syndicate banks, preparation of marketing materials, management and co-ordination of investor education activities, offer structure, sizing, valuation feedback analysis, and pricing tactics. STJ's advice provided the company with a transparent price discovery mechanism that allowed a proper judgement to be made on the relative attractiveness of a direct approach by PayPal sale against the IPO alternative.
The IPO process coordinated by STJ enabled our client to achieve a successful outcome on terms which would not have been achievable without the competitive tension of a highly-anticipated IPO.
This transaction is:
- STJ’s 15th transaction in the Nordic region in the 10 years since our inception
- STJ’s latest successful IPO process for a European high-growth technology company, after Trainline (ultimately acquired by KKR), Scout24 and Delivery Hero
- STJ’s 3rd consecutive IPO process or dual-track to have ultimately resulted in sale, after TMF Group (acquired by CVC) and U.N.-Ro-Ro (acquired by DFDS)
