Global law firm White & Case LLP advised Jersey-based Nordic Capital Fund V and Point International in a US $1.05 billion deal under which VeriFone Systems Inc. will acquire Point.
Under terms of the deal, VeriFone will pay US$821.9 million for Point, one of Europe's largest electronic payment providers, operating in 11 countries and handling 10 million transactions per day. It will also retire US$228.8 million of Point's debt.
"This is one of the largest deals in Scandinavia this year and represents the latest of a number of deals that we have acted on for Nordic Capital since the start of the year," said Lennart Pettersson, partner at White & Case. "Our involvement reflects White & Case's expertise in advising clients on complex, cross-border M&A transactions."
Previous transactions in which White & Case has advised Nordic Capital include representing the firm in selling Nycomed International Management GmbH, a Swiss drug giant, to Takeda Pharmaceutical Co. Ltd. for US$13.7 billion in May, the largest ever cross-border takeover by a Japanese pharmaceutical company. In July, White & Case advised Nordic Capital on the sale of equipment supplier Atos Medical to EQT VI in a secondary buyout.
The White & Case team was led by Stockholm partner Lennart Pettersson, assisted by partners Claes Zettermarck (Stockholm) and Pontus Lindfelt (Brussels), Ashley Winton and Jake Mincemoyer (London) and J. Christopher Shore and Alan Rockwell (New York) and associates Henrik Wireklint, John Gustafsson, Martina Etemad (nee Engström), all from the Stockholm office.
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