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PayU $165 million acquisition of Iyzico

19/6/2019
Private acquisition
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$ 165 million

Announced

19/6/2019

Overview:

  • Global fintech company PayU has acquired Turkish digital payments company Iyzico for $165 million.
  • PayU will expand its presence in the Turkish digital payments market where it already has a subsidiary, PayU Ödeme Kuruluşu Anonim Şirketi.
  • The acquisition is PayU's largest fintech acquisition to date.

Laura Mendes - Researcher

Jurisdiction:

Türkiye

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Turkey

Industry sectors:

Financial services
Technology and telecommunications

Firm:
Paksoy

Party: PayU (Acquirer)

Lawyer: Elvan Aziz

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