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Mooreland Partners advises Prepay Technologies on $100 million sale to Accor Services
Transaction represents important strategic milestone in high-growth European prepaid market

Mooreland Partners, an investment banking advisory firm serving the global technology industry, is pleased to announce it has acted as exclusive financial advisor to Prepay Technologies Ltd ('Prepay') in its sale to Accor Services ('Accor'). On Friday 21 September, Accor announced it is acquiring all outstanding shares in Prepay, for a total of 50 million (US $100 million).

The acquisition of Prepay will enable Accor to diversify its portfolio of products and services in the UK. Accor delivers numerous employee benefit and incentive solutions and gift vouchers, and Prepay provides a means for Accor to more extend these programs with a more cost-effective prepaid card solution.

'As a pioneer in the UK prepaid card segment, we're pleased to become a part of Accor Services' growth dynamic,' said Philippe Dufour, Chief Executive Officer and Founder of Prepay. 'Its expertise, global leadership in prepaid services to businesses and public institutions, and extensive customer portfolio represent outstanding opportunities for Prepay's future development.'

Mooreland's Peter Globokar commented, 'Major international payments, processing and financial services providers such as Accor recognize the strategic importance of expanding their capabilities in plastic and virtual prepaid cards.' Mooreland's Larry Phillips added, 'We are growing our coverage in financial software and services and the international payments and processing is a key sector focus. We look forward to continuing to work with industry innovators and leaders in this important market.'

24 September 2007

About Prepay

Prepay was founded in London in 2000 and provides clients with a flexible, integrated portfolio of prepaid services, covering design and development of prepaid cards, real-time management of payment authorization platforms as well as access to more than 30,000 card top-up locations. Leading British brands such as Debenhams, Virgin Money, Ticketmaster, The Daily Mirror and Arcadia amongst others have chosen Prepay to operate their prepaid card programmes.

About Accor Services

Accor Services is the Accor Group's second largest international line of business. Accor Services design, develop and manage innovative solutions to attract, motivate and win the loyalty of employees, distribution networks and clients. In 35 countries around the world, its services make life easier, enhance well-being and improve performance of 23 million people. From meals and uniform cleaning to childcare, home help, training or motivation campaigns, Accor Services plays an active part in their daily lives and has become a sound reference for corporate and public institutions services.

About Mooreland

Mooreland provides investment banking advisory services to the global information and communications technology industries. From its offices in Greenwich, Silicon Valley and London, Mooreland delivers multinational client service teams which bring significant transaction expertise together with operational management and investing experience. The firm was created in 2003 to provide high quality strategic and tactical advice to public, private or venture-backed technology companies in relation to mergers and acquisitions, divestitures, financings, recapitalizations and restructurings. In the United States, Mooreland Partners is regulated by FINRA and is a member of SIPC. In Europe, Mooreland Partners is authorized and regulated by the Financial Services Authority.

Mooreland Partners Greenwich

545 Steamboat Road
Greenwich, CT 06830
Tel: +1 (203) 629-4400

Contact: Larry Phillips, Managing Director

Mooreland Partners London
27 Hill Street

London W1J 5LP
Tel: +44 (0) 20 7290 9790

Contact: Peter Globokar, Managing Director

Mooreland Partners Silicon Valley

101 S. Ellsworth St. 201
San Mateo, CA 94401
Tel: +1 (650) 804-5010

Publisher Contact Information:

Mooreland Partners
+1 (203) 629-4400

Company profile of Mooreland Partners
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