Date of CCI investment: 2015

Description: Payment solutions provider


Investment Team:
Peter Garvey
Esmond Greene
Robert Easton

Status: Realised

In 2015, CCI and Payzone Ireland’s management team acquired Payzone Ireland from Duke Street Capital, carving it out of Payzone’s broader European business.

Payzone Ireland is a leading provider of multi-channel consumer payments in Ireland. With 11,800 point of sale terminals across approximately 8,000 merchants, Payzone Ireland has the largest physical terminal retail payments network in Ireland. The Payzone Ireland network accepts multiple payment types including cash, card and card-not-present and processes over 100 million transactions per annum via retail, mobile and on-line. Payzone Ireland provides a diversified product offering from more than 80 customers across four sectors: transport, utilities, financial services and telecoms.

In April 2019, CCI agreed the sale of Payzone Ireland to AIB Group plc and First Data Corporation for an enterprise value of up to €100 million. The transaction completed in October 2019 following EU Commission approval.

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Cumulative Capital Expenditure