White & Case Advises Ingenico Group on €1.5 Billion Acquisition of Bambora

White & Case Advises Ingenico Group on €1.5 Billion Acquisition of Bambora

Chamber Member News Post Date: 07/21/17 Source: White & Case LLP By: White & Case LLP

Global law firm White & Case LLP has advised Ingenico Group, the global leader in seamless payments, on its €1.5 billion acquisition of Bambora, a fast-growing global player in the payments industry, from private equity firm Nordic Capital.

The transaction is the largest M&A deal in Sweden in 2017 to date, according to Mergermarket, and is expected to close by the end of 2017 subject to approval from the relevant regulatory and antitrust authorities.

"This transaction demonstrates our ability to deploy an international, cross-practice team to successfully deliver a complex, cross-border deal for the benefit of our client," said Stockholm-based White & Case partner Johan Steen, who led the Firm's deal team. "It is also another notable success for the Firm's financial institutions M&A team, another market leading transaction which positions White & Case as the go to law firm in a sector where continued merger activity is guaranteed."

Headquartered in Stockholm, Bambora employs more than 700 people across Europe, North America and Australia. It provides a one-stop shop offer to both the enterprise and small and midsize businesses markets, delivering in-store, mobile and online services through end-to-end payment solutions for more than 110,000 merchants and enterprises globally. Bambora generates more than 90 percent recurring revenue and achieved gross revenue of €202 million during 2016. The acquisition represents a key milestone in the execution of Ingenico's strategy to acquire 'disruptors' in the payments sector. Read Full Article