Another day, another digital payment deal...

Tuesday, 12 September 2017, 11:28 am

This time it would appear the takeover target that is likely to change hands is Small World, a digital money transfer business.

That's because a private equity firm backed by the relatives of Ian Fleming, the creator of James Bond, is weighing a sale or float of Small World.

In fact, sources familiar with the matter have told Betaville that FPE Capital - which last year spun out of Stonehage Fleming, itself the product of a merger between Fleming Family & Partners and family office Stonehage - have asked bankers at Canaccord Genuity to advise on "strategic options" for Small World.

It's not clear how much Small World is worth but accounts from 2016 showed the business generated operating profits of £4.9 million from revenues of just under £80 million.

It's clear, though, why FPE Capital might be considering a sale of Small World. Dealmaking in the the digital payments sector has been rife throughout 2017 as consumers look to use less cash.

For example, US-based credit card payment processor Vantiv is buying FTSE 100-listed Worldpay for £9.3 billion while private equity firms CVC Capital and Blackstone have agreed to pay £3 billion for FTSE 250-listed Paysafe.

A spokesperson for FPE Capital declined to comment...

[Disclaimer - the information on Betaville does not consitute any form of investment recommendation and is not intended to be relied upon by readers in making, or refraining from, any investment decisions].

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