heidelpay Group’s Acquisition Of Paysafe Pay Later


Herbert Smith Freehills and bpv Huegel have advised heidelpay Group on the deal.

heidelpay acquired Paysafe Pay Later, a specialist for pay-later payment methods, from the Paysafe Group. The transaction is still subject to regulatory approval and is expected to be completed in Q3, 2020. Until then, the two companies will continue to operate as independent organisations.

Paysafe Pay Later (payolution GmbH) develops payment solutions for online and offline commerce.

As part of the international Paysafe Group, a leading specialised payment platform with over 20 years of experience in the online payment business, Paysafe Pay Later offers individual solutions for the DACH region.

heidelpay is one of the fastest growing German tech companies for international payment processing services. With over 17 years of experience in e-commerce and as a BaFin approved payment institution, heidelpay offers companies of all sizes the possibility to carry out worldwide payment transactions. Since 2020 KKR is the majority shareholder of heidelpay Group.

The latest investment by heidelpay is part of the company’s strategy to foster its expansion in Europe, and to extend the product range for its own customers in the field of pay later payment solutions.

The Herbert Smith Freehills team advising heidelpay was led by Dr Nico Abel (Picture – Partner, Corporate/M&A) and included Dr Marcel Nuys (Partner, Competition, Regulation & Trade), Kai Liebrich (Partner, Finance), Moritz Kunz (Partner, Employment), Dr Steffen C. Hörner (Partner, Tax), Rüdiger Hoffmann (Counsel, Corporate/M&A), Dr Florian Huerkamp (Counsel, CRT) as well as senior associates Dr Julius Brandt (Corporate/M&A), Dr Hannes Jacobi (Finance), Dr Simone Ziegler (Employment), and associates Mirko Gleitsmann (CRT), Tatiana Guenster and Quenie Hubert (both Corporate/M&A).

bpv Huegel advised on the acquisition of Paysafe Pay Later (payolution GmbH) under the lead of Daniel Reiter (Corporate/M&A, Regulatory). The bpv Huegel team also included Christoph Nauer (Corporate/M&A, Regulatory), Thomas Lettau and Roland Juill (both Corporate/M&A), Sonja Dürager and Emanuel Hackl (both Data Protection, IP/IT), Gerhard Fussenegger (Competition), Kornelia Wittmann and Nicolas Wolski (both Tax), Paul Pfeifenberger (Employment, Litigation) and Barbara Valente (Corporate/M&A).

Involved fees earner: Sonja Dürager – bpv Hügel Rechtsanwälte; Gerhard Fussenegger – bpv Hügel Rechtsanwälte; Emanuel Hackl – bpv Hügel Rechtsanwälte; Roland Juill – bpv Hügel Rechtsanwälte; Thomas Lettau – bpv Hügel Rechtsanwälte; Christoph Nauer – bpv Hügel Rechtsanwälte; Paul Pfeifenberger – bpv Hügel Rechtsanwälte; Daniel Reiter – bpv Hügel Rechtsanwälte; Barbara Valente – bpv Hügel Rechtsanwälte; Kornelia Wittmann – bpv Hügel Rechtsanwälte; Nicolas Wolski – bpv Hügel Rechtsanwälte; Steffen Hörner – Hengeler Mueller; Nico Abel – Herbert Smith Freehills; Julius Brandt – Herbert Smith Freehills; Mirko Gleitsmann – Herbert Smith Freehills; Tatiana Guenster – Herbert Smith Freehills; Rüdiger Hoffmann – Herbert Smith Freehills; Quenie Hubert – Herbert Smith Freehills; Florian Huerkamp – Herbert Smith Freehills; Hannes Jacobi – Herbert Smith Freehills; Moritz Kunz – Herbert Smith Freehills; Kai Liebrich – Herbert Smith Freehills; Marcel Nuys – Herbert Smith Freehills; Simone Ziegler – Herbert Smith Freehills;

Law Firms: bpv Hügel Rechtsanwälte; Hengeler Mueller; Herbert Smith Freehills;

Clients: heidelpay Group;