Norton Rose Fulbright has advised AnaCap Financial Partners (AnaCap), Europe’s biggest specialised private equity investor firm in the financial services sector, on the acquisition of Hamburg-based StarTec Payment & Service GmbH (StarTec), a leading provider of solutions and services for cashless physical point-of-sale (POS) payment transactions.
StarTec’s portfolio comprises high-tech POS terminals for payments by girocard, direct debit and credit cards as well as electronic voucher and loyalty reward systems for customers. With a market history of 12 years, StarTec serves more than 13,000 customers all over Germany.
With the acquisition of Startec, AnaCap is expanding its portfolio which includes the recently acquired payments institute Heidelberger Payment GmbH (Heidelpay) which will facilitate payment solutions for brick-and-mortar stores, seamlessly integrated into a single payment system.
The Norton Rose Fulbright team was led by Europe head of private equity Richard Bull (Picture) and Munich corporate partner Frank Henkel. They were supported by their teams in London, Munich and Frankfurt.
Law Firms: Norton Rose Fulbright;
Clients: AnaCap Financial Partners;