Toscafund’s €25 Million Investment in Lemon Way

Proskauer represented Toscafund on the deal.

Toscafund executed a €25 million investment into pan-European payment processor Lemon Way.

The transaction, which is subject to customary regulatory approvals, marks Toscafund’s first private equity investment in France.

Established in 2007, Lemon Way is a Paris-based regulated payment institution dedicated to the highly complex and fast-growing sector of marketplaces, crowdfunding platforms and e-commerce websites that require payment processing, wallet management and third-party payment services.

This latest fundraising will enable Lemon Way to develop its products, through modular proprietary APIs and new payment services. Already operating in 12 European countries, the company is well established in France, Italy and Spain, and will strengthen its presence in the United Kingdom and Germany to become one of Europe’s leading payment institutions for marketplaces.

The Proskauer cross-border team comprised partners Richard Bull (Picture) and Delia Spitzer and associates Stephanie Martinier, Andrew Houghton, Jack Morant and Doriane Shannon.

Involved fees earner: Richard Bull – Proskauer Rose LLP; Andrew Houghton – Proskauer Rose LLP; Stéphanie Martinier – Proskauer Rose LLP; Jack Morant – Proskauer Rose LLP; Doriane Shannon – Proskauer Rose LLP; Délia Spitzer – Proskauer Rose LLP;

Law Firms: Proskauer Rose LLP;

Clients: Toscafund Asset Management;