CIP investee company iZettle completes trade sale to PayPal

Conviction Investment Partners (CIP) is pleased to announce their investee companyiZettle, a Swedish mobile payments business, announced a trade sale to PayPal for $2.2bn in an all-cash deal.iZettle offers merchants a low cost mobile solution to process digital payments and now becomes PayPal’s largest ever acquisition. Prior to the sale, iZettle filed for an IPO on the Stockholm-NASDAQ exchange that was due to value the business at $1.1bn.