Global law firm White & Case LLP has advised Monizze SA, a subsidiary of UP Group, on its acquisition of 50 percent of the shares in Springbok Media SPRL for an undisclosed amount.
"This transaction is another highlight in the long-standing relationship between White & Case and Up Group, which we have been advising since its acquisition of Monizze in 2015," said White & Case partner Thierry Bosly, who led the Firm's deal team. "After advising Monizze and Up Group on several other transactions, including the acquisition of PayFair in 2016, this was an opportunity to demonstrate our team's capabilities in venture capital and early-stage investments."
The investment in Springbok, a Belgian tech start-up, will enable Up Group to develop innovative multimedia solutions for payment methods and management solutions.
The White & Case team in Brussels which advised on the transaction was led by partner Thierry Bosly with support from associates Thomas Jacques and Zoé Hannecart.
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