Ingenico: 150 million from investors led by Pimco; Apollo exits the shareholding

(Il Sole 24 Ore Radiocor) - The electronic payments group Ingenico has announced a capital restructuring involving a €150 million injection from a group of investors led by Pimco, whilst confirming the exit of the Apollo fund — a shareholder since 2022 — from its shareholder structure.
Ingenico has announced that it has reached an agreement “aimed at reorganising its capital structure, supported by a €150 million investment from a group of global investors led by Pimco”, a US asset management firm. The restructuring – as reported by the newspaper *Les Echos* and confirmed by Ingenico’s press office – involves the conversion of part of the debt into share capital, with the creditors concerned receiving a stake in the company in return.
Ingenico has also confirmed that Apollo — which has owned the group since its acquisition from Worldline in 2022 — will exit the company’s shareholding structure. Ingenico had previously been acquired by its rival Worldline in 2020 and delisted from the Paris Stock Exchange. The merger between Worldline and Ingenico was intended to create the world’s fourth-largest player in the electronic payments sector, with total revenues exceeding €5 billion.

However, in 2022, Worldline sold the TSS (Terminals, Solutions & Services) division – which had been spun off from Ingenico – to the Apollo fund, as it considered it non-strategic for the group.

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