Nets’ €2.85 Billion Sale Of Its Corporate Services Business To Mastercard

Freshfields Bruckhaus Deringer LLP has advised payment services provider Nets, majority owned by Hellman & Friedman, on the disposal of the majority of its Corporate Services businesses to Mastercard for €2.85bn.

This is a highly strategic transaction for both parties, providing Mastercard with technology and teams to complement its existing account-to-account capabilities, whilst allowing Nets to focus on strong and scalable businesses within merchant services. The transaction is expected to close in the first quarter of 2020, pending regulatory approvals.

Nets is a leading European payments technology (PayTech) company servicing hundreds of financial institutions, businesses and merchants across the European market.

The Freshfields team was led by partners Tim Wilmot (Picture), Keir MacLennan, Andrew Craig, Jill Gatehouse, Cyrus Pocha and Thomas Lübbig.

Involved fees earner: Andrew Craig – Freshfields Bruckhaus Deringer LLP; Jill Gatehouse – Freshfields Bruckhaus Deringer LLP; Thomas Lübbig – Freshfields Bruckhaus Deringer LLP; Keir MacLennan – Freshfields Bruckhaus Deringer LLP; Cyrus Pocha – Freshfields Bruckhaus Deringer LLP; Tim Wilmot – Freshfields Bruckhaus Deringer LLP;

Law Firms: Freshfields Bruckhaus Deringer LLP;

Clients: Nets Holding A/S;