Crown Agents Bank’s Acquisition of Segovia Technology

Fenwick & West represented Segovia Technology, Co. in the transaction.

Crown Agents Bank is a U.K.-regulated wholesale provider of emerging market and G10 foreign exchange, international payments, cash management, cross-border pensions and payroll, trade finance and investment management services.

Segovia Technology, Co. is a U.S.-venture backed technology company focused on frontier market payments.

An affiliate of Crown Agents Bank executed the acquisition of Segovia Technology’s enterprise business and payment gateway product.

The deal will allow Crown Agents Bank to offer a uniquely scalable, flexible and efficient payment solution for global businesses paying money into frontier and developing markets. Crown Agents Bank will extend its payment network and FX capabilities, integrating Segovia’s mobile money solutions and modern payments infrastructure.

The Fenwick transaction team included corporate partner Ethan Skerry (Picture), of counsel Mark Porter and associates Trevor Lynch, Kyle Canchola, Isaiah Deporto-Plick and Joanna Xu; executive compensation and employee benefits partners Scott Spector and Matthew Cantor and senior corporate attorney Nicholas Frey; intellectual property and technology transactions partner Jonathan Millard and associates Pinar Bailey, Floris de Wit, Joseph Schenck, Amy Brown, Arjun Ravi, Julia Chung and Christine Chen; and tax partners William Skinner and Adam Halpern.

Involved fees earner: Pinar Bailey – Fenwick & West LLP; Amy Brown – Fenwick & West LLP; Kyle Canchola – Fenwick & West LLP; Matthew Cantor – Fenwick & West LLP; Christine Chen – Fenwick & West LLP; Julia Chung – Fenwick & West LLP; Floris de Wit – Fenwick & West LLP; Isaiah Deporto-Plick – Fenwick & West LLP; Nicholas Frey – Fenwick & West LLP; Adam Halpern – Fenwick & West LLP; Trevor Lynch – Fenwick & West LLP; Jonathan Millard – Fenwick & West LLP; Mark Porter – Fenwick & West LLP; Arjun Ravi – Fenwick & West LLP; Joseph Schenck – Fenwick & West LLP; Ethan Skerry – Fenwick & West LLP; William Skinner – Fenwick & West LLP; Scott Spector – Fenwick & West LLP; Joanna Xu – Fenwick & West LLP;

Law Firms: Fenwick & West LLP;

Clients: Segovia Technology, Co.;

Author: Ambrogio Visconti