Investment firm ECM Partners has acquired 50% of payment provider payabl. in a deal worth over €100 million.
It is understood that payabl. Group CEO, Ugne Buraciene (pictured above on the left) will retain the other 50% and is anticipated to remain at the helm of the company.
According to sources, the deal with payabl. has been under discussion for almost a year, with concrete decisions taken over the last week. The acquisition is pending official approval from the relevant authorities. This approval is anticipated in October, the same sources suggested.
ECM's other recent acquisitions include investments in the healthcare sector. ECM first acquired Ygia Hospital in 2023. Following the integration of Ygia Larnaca (former Eden Medical Centre) and the recent rebranding under Ygia Group, the addition of Ygia Vision (Limassol Ophthalmic Center) recently marked the next phase in the Group's development, further strengthening its position as Cyprus' largest private healthcare provider under a single unified identity.
Speaking to CBN in July, ECM Partners Chairman Savvas A. Liasis (pictured above on the right) said the Ygia Group expansion formed part of ECM's broader investment strategy across Cyprus and Central and Southeastern Europe. "ECM Partners has been active in the region for over 15 years, building a track record of disciplined, opportunistic investments across multiple sectors. ECM Fund Management Ltd, our CySEC-licensed Alternative Investment Fund Manager, operating alongside our regulated entity in Slovenia, further strengthens the firm's investment platform across the region," he said.
