We advised Nera Telecommunications on the sale of Nera Payment Solutions to Ingenico Group.
Rippledot Capital advised Nera Telecommunications Ltd, a Northstar Group investee company, on the sale of Nera Payment Solutions to Ingenico Group for S$88 million, resulting in a gain on book value of approximately S$72 million.
Headquartered in Singapore, Nera Payment Solutions is the largest systems integrator of payment terminals in Southeast Asia serving Tier 1 banks and retail industries.
The transaction involved Rippledot running a global auction process concurrently with project managing the carve-out of the payment solutions business across Singapore, Malaysia, Indonesia, Thailand and Philippines. New legal entities were incorporated and a transfer of business assets was effected in each of these jurisdictions prior to the execution of the share purchase agreement with Ingenico.