DLA Piper Advises SIBS on Financing Acquisition of ITCARD S.A.

DLA Piper represented SIBS in the financing of its acquisition of shares in ITCARD S.A. The transaction concerns the financing of SIBS's acquisition of shares in ITCARD S.A., one of Poland’s leading payment services providers. ITCARD is a prominent payments processing outsourcing company in Poland, specialising in ATM services under the Planet Cash brand, electronic payment processing through the Planet Pay terminal network, and the issuance and maintenance of cards by VISA and Mastercard. SIBS is a leading European provider of payment and financial technology solutions operating across multiple international markets; this acquisition further strengthens its ability to offer omnichannel digital commerce solutions to financial institutions and merchants in Poland. DLA Piper was responsible for all stages of the financing process, including the structuring of the financing and work on the term sheet, drafting and negotiation of the finance documentation, and coordination of the satisfaction of conditions precedent and utilisation of the facilities. A cross-border team from DLA Piper's Finance practice in its Warsaw and Lisbon offices worked on the transaction, led by partner Katarzyna Jakubiak. DLA Piper represented SIBS with a team composed by: partner Katarzyna Jakubiak (Partner, Finance practice), partner Gonçalo Castro Ribeiro (Partner, Finance practice), senior associate Anna Tomaszewska (Senior Associate, Finance practice), associate Maria João Cunha (Associate, Finance practice), and junior associate Jakub Figura (Junior Associate, Finance practice).

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DLA Piper Advises SIBS on Financing Acquisition of ITCARD S.A.

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DLA Piper Advises SIBS on Financing Acquisition of ITCARD S.A.

Read the full story

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