TCN - The Card Network

Successful 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.

Australia’s go-to gift card provider

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 business has designed and produced exclusive content across 30+ unique physical and digital cards for multiple delivery channels.

The Highlights

  • 1000+

    Retail Partners

  • 30+

    Unique Cards

Aggregating Australia's leading retail brands into one gift card

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.

We couldn’t have completed the sale without the assistance of Henslow. Chris and the team guided us through the entire process, which included negotiations with InComm, advice on company valuation and even introducing us to a lawyer. This allowed us to maintain focus on running and continuing the growth of the business.

Nick Sims, Co-Founder and CEO