The Dutch payment service provider Buckaroo will change hands, the

FD

reported

on Monday based on anonymous sources.

The new owner would be the French investment company Keensight.

Buckaroo was founded in 2005 and provides payment services for companies and charities in the Benelux, among others.

The company expects to achieve a turnover of 25 million euros this year.

This makes the company a lot smaller than some other Dutch payment service providers, such as Mollie and Adyen.

Buckaroo CEO Paul Scholten tells the

FD

that a deal is indeed in the works, without confirming to which party the company will be sold.

The Utrecht-based company is still owned by another French investment company: BlackFin Capital Partners.

According to insiders, the deal is now with regulators for approval.

The acquisition should take place in the first quarter of next year.

The buyer is said to pay between 100 and 150 million euros.

It is not about all shares, but about a controlling interest.

Some of the shares remain with management.

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