The Card Network agrees 100% sale to global payments technology company, InComm Payments
Henslow is delighted to have acted as lead M&A Corporate Advisor to The Card Network (TCN), a leading provider of gift card and payment solutions, on their 100% sale to global payments technology company, InComm Payments.
The transaction signals an exciting new chapter of growth in the Australian gift card industry and provides InComm with the opportunity to leverage TCN’s deep understanding of the Australian gift card market, enabling use of their market-leading multi-brand gift card products and creative approach to personalised gifting.
Founded in 2019 by two pioneers of the local gift card industry, Nick Sims and Richard Hewitt, TCN has forged a reputation as the leading provider of creatively themed, multi-brand gift cards with a proven record of delivering innovative and reliable products to the gift giver and receiver.
The investment in TCN by InComm enhances its ability to create personalized, multi-choice gifting solutions both in physical and digital retail settings. TCN’s established presence in segments covering grocery, direct to consumer and business to business will support ongoing growth for the combined brand and for its 1000+ retail and brand partners.
The Henslow team worked alongside TCN and its two majority shareholders, Nick Sims and Richard Hewitt, to run a comprehensive process leading to a successful outcome for both parties.
The transaction adds to Henslow’s track record in the Fintech and Payments sector, demonstrating our ability to work closely with business owners and founder-led businesses to bring deep industry knowledge and deal expertise to secure a path to liquidity.
We are excited to see the business continue to grow under InComm Payments banner, one of the world’s largest providers of end-to-end payment platforms and financial technology solutions, leveraging its innovative and market leading creativity to continue to inspire personalized gifting globally.