Global law firm White & Case LLP has advised private equity firm Welsh, Carson, Anderson & Stowe and GlobalCollect, the Dutch-based leading full service Payment Service Provider, on the completion of its €820 million acquisition by Ingenico S.A., the France-based global leader in seamless payment.
GlobalCollect, which was a portfolio company of Welsh, Carson, Anderson & Stowe, employs around 500 people and helps clients accept payments from more than 170 countries in more than 150 currencies, using in excess of 150 local payment methods including all major credit cards, debit cards and alternative payment methods.
London-based White & Case partner Ross Allardice, who led the team which advised GlobalCollect, said: "We were very pleased to advise and support GlobalCollect and its shareholders on this important strategic sale to Ingenico S.A. Cross-border with complex deal issues, this deal played to White & Case's strengths and is another example both of the Firm's market-leading private equity credentials across Europe and our ability to successfully advise clients on complex cross-border transactions."
Sanjay Swani, Co-Head of the Information Business Services Industry team and General Partner at Welsh, Carson, Anderson & Stowe, said "Ross and the team at White & Case were integral to the delivery of a smooth and efficient process that complemented the team at Welsh, Carson, Anderson & Stowe and GlobalCollect and allowed us to complete this complex, multi-faceted cross-border transaction in relatively short order."
The White & Case team was led by London partner Ross Allardice and included partners Franck de Vita, Alexandre Jaurett (both Paris), Rebecca Farrington (Washington, DC), Colin Harley and Ingrid York (both London) with support from associates Alex Bircham, Robert Hutton, Ben von Maur (all London), Pascal Berghe (Brussels), Richard Blackburn and Sophie West (both London).
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