PADERBORN, Germany,
October 24, 2016 /PRNewswire/ --
AEVI, a provider of global payment transactions
and a marketplace for B2B apps and services,
announced today that it has completed its
EUR 30 million capital increase by
securing a EUR 10 million investment
from Adveq, a global private equity
investor.
The co-investment was made alongside Dutch investor HPE Growth
Capital, which provided the initial tranche of EUR 20 million in May
2016. At that point of time a second tranche was already
agreed with HPE. The total investment of EUR
30 million will fund further growth and international
expansion.
AEVI, which belongs to Diebold
Nixdorf, was carved out of the group as an independent
company at the start of the financial year in October 2015.
Adveq's investment will be used to accelerate the already
impressive growth of AEVI by further developing its highly
innovative portfolio, including products such as AEVI's
Marketplace, which is a white-label B2B App
Store, and expanding the company's presence globally.
Reinhard Rabenstein, Managing
Director at AEVI, said: "Adveq's investment is a testament to our
work so far and the potential of our business to grow. We are
looking forward to taking AEVI to the next stage of its development
and becoming a global leader in the dynamic sector of cashless
payments."
Richard Damming, Executive Director at Adveq, said: "We have a
longstanding relationship with HPE Growth Capital and are excited
to support an innovative and successful company like AEVI in its
further growth in a very promising market."
Diebold Nixdorf intends to retain
a majority holding in AEVI in the long term, alongside the new
investors.
About Adveq:
Founded in 1997, Adveq is a leading asset manager investing in
private equity globally. It offers specialized investment solutions
which allow the firm's clients to access select private market
segments through primary, secondary and co-investments.
Adveq's client base comprises institutional investors such as
pension funds, insurance companies, family offices and other
financial institutions located in Europe, North
America and the Asia-Pacific region. Many of Adveq's investors
are repeat, long-term clients with whom the firm has developed a
role as a trusted partner for private market investing.
Adveq has offices in Zurich,
Frankfurt, London, Jersey, New
York, Beijing, Shanghai and Hong
Kong.
I https://www.adveq.com/ I
About AEVI:
AEVI has developed a unique, open Ecosystem to bring merchant
banks and merchant acquirers closer to their merchants, and
merchants closer to their consumers. AEVI provides a global gateway
for secure payment transactions together with a marketplace for
high-quality value-added apps and services (VAAS) providing new
business opportunities beyond payments, which enables fast and
effective innovation, plus enhanced control and flexibility. This
combination delivers a reduced total cost of ownership for
clients.
AEVI works with customers to help them embrace collaboration and
adopt open solutions that have the power to deliver more value and
better meet the needs of today's consumer.
In short, AEVI enables businesses to DO MORE.
I http://www.aevi.com I
AEVI International GmbH is a subsidiary company of Diebold Nixdorf and is headquartered in
Germany with operations in the
Czech Republic and the
United Kingdom.
AEVI Press & Media Contact:
press@aevi.com
Tel.: +49(0)52-51/693-3375