EML Payments’ Acquisition of Sentenial Limited

Goodwin Procter LLP advised Sentenial Limited on the deal. EML Payments was represented by Arthur Cox and Herbert Smith Freehills LLP.

Sentenial Limited announced its sale to EML Payments Limited, a payments technology platform. The deal which is subject to mandatory regulatory approvals has a transaction enterprise value of approximately €110m including earn-out proceeds.

Sentenial and its open banking brand Nuapay is a cloud-native, API-first, full-stack enterprise-grade payments company, processing €45 billion per annum and is dually regulated in the United Kingdom and France. Post-acquisition, EML will be one of the largest independent fintech enablers in open banking and prepaid anywhere in the world.

The Goodwin team was led by Carl Bradshaw (Picture) with assistance from Anna Yeomans, Sam Bateman, Laura Antuna-Ortega, James Taylor, Glynn Barwick, Xavier Couderc-Fani, Rob Young, and Amy Francis.

The Arthur Cox team was led by John Matson (Corporate and M&A) and included Sophie Frederix, Etaoin Harbinson and Sinéad McDonagh (Corporate and M&A), Ailish Finnerty and Dearbhla Ní Fhloinn (Tax), Kevin Langford and Emma Dunne (Employment), Michael Shovlin (Pensions), Darragh Geraghty and Simon McPartlan (Finance), Deirdre Sheehan and Valentyna Chekanska (Real Estate) and Olivia Mullooly and Alison Peate (Technology and Innovation).
Involved fees earner: Valentyna Chekanska – Arthur Cox; Emma Dunne – Arthur Cox; Ailish Finnerty – Arthur Cox; Sophie Frederix – Arthur Cox; Darragh Geraghty – Arthur Cox; Etaoin Harbison – Arthur Cox; Kevin Langford – Arthur Cox; John Matson – Arthur Cox; Sinéad McDonagh – Arthur Cox; Simon McPartlan – Arthur Cox; Olivia Mullooly – Arthur Cox; Dearbhla Ní Fhloinn – Arthur Cox; Alison Peate – Arthur Cox; Deirdre Sheehan – Arthur Cox; Michael Shovlin – Arthur Cox; Glynn Barwick – Goodwin Procter; Sam Bateman – Goodwin Procter; Carl Bradshaw – Goodwin Procter; Xavier Couderc-Fani – Goodwin Procter; Amy Francis – Goodwin Procter; James Taylor – Goodwin Procter; Anna Yeomans – Goodwin Procter; Robert Young – Goodwin Procter;

Law Firms: Arthur Cox; Goodwin Procter;

Clients: EML Payments Ltd; Sentenial Limited;

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Author: Federica Tiefenthaler