GoCardless

Mollie, a Dutch payments company, has agreed to acquire UK fintech GoCardless for an estimated €1.05 billion (£920 million). This transaction marks one of the most significant UK fintech exits in recent years and aims to create a leading European payments group.

Summary of transaction details:

• Value: £920,000,000
• Sector: Fintech
• Advisor: None mentioned
• Key Entities: GoCardless (Target), Mollie (Acquirer)
• Location: UK (Target), Netherlands (Acquirer)

Note: The acquisition is driven by a strategic vision to combine forces and create a major challenger in the fast-evolving European payments market, serving over 350,000 businesses. The deal consideration is primarily in shares, with GoCardless's CEO expected to remain in a senior leadership role.