Kromann Reumert advises Unzer and KKR with the acquisitions of Clearhaus and QuickPay
Unzer is set to take over Clearhaus and QuickPay subject to approvals by relevant supervisory authorities. The acquisitions will make Unzer a fully integrated payment service provider and let Unzer take a major step forward in terms of its ambitious growth plans.
Clearhaus is a payment institution founded in Aarhus and licensed as an acquirer in Europe under the supervision of the Danish Financial Supervisory Authority. Clearhaus supports more than 17,000 online shops in 33 countries. Working with Clearhaus allows online retailers to accept payments from Visa and MasterCard.
QuickPay is a payment service provider also founded in Aarhus processing transactions for online shops and offering all popular payment types in Europe.
The founders of Clearhaus and QuickPay will remain as co-investors.
Unzer, one of the fastest growing fintechs in Europe, offers an innovative and modular platform for international payment transactions. Unzer was founded in Germany in 2003 as "heidelpay". More than 600 payment experts and tech enthusiasts throughout Europe work on helping retailers achieve sustainable growth in a dynamic market.
KKR, a leading global investment firm, has been the majority shareholder in Unzer since 2020.
The parties have agreed to maintain confidentiality regarding the purchase price.
Kromann Reumert's team led by Mads Reinholdt Sørensen advised Unzer and KKR together with a team from Herbert Smith Freehills led by Dr. Nico Abel.