Global Payments s.r.o. and BNP Paribas Fortis’s Acquisition Of Worldline’s Business Assets

CMS advised Worldline on the deal.

Worldline, a leading European player in payment services, sold business assets in Austria, to buyer, Global Payments s.r.o. (“GPSRO”), and in Belgium and Luxembourg to BNP Paribas Fortis (“BNPPF”). The divestment represents an important milestone in Worldline’s compliance with its European Commission anti-trust commitments following its $8.6 billion acquisition of Ingenico in 2020.

GPSRO is a joint venture between Erste Group, CaixaBank and Global Payments Inc. GPSRO is acquiring customers from Worldline’s Payone GmbH, which operates a network of payment terminals in Austria, and its business is set to grow threefold as a result.

BNPPF’s subsidiary, Axepta, is acquiring Worldline’s Ingenico In-Store Belgium operation and expects to double its customer base in Belgium by doing so. Axepta will take on the processing of electronic payments for merchants in Belgium and Luxembourg.

The CMS teams included Chris Watson (Picture), Matthew Davies, Fiona Vickerstaff, Rajiv Nawbatt and Kieran Sharman (CMS UK); Alexander Rakosi, David Kohl and Alexander Hiermann (CMS Austria); Joachim Kaetzler, Jörg Schrade, Marcel Hagemann and Charlotte Salathe (CMS Germany); Vincent Dirckx, Ségolène Regout and Arnout Vaninbroukx (CMS Belgium); and Gérard Maitrejean, Pawel Hermelinski, Angélique Eguether and Aloïs Charpenet (CMS Luxembourg).

Involved fees earner: Matthew Davies – CMS Cameron McKenna Nabarro Olswang LLP; Rajiv Nawbatt – CMS Cameron McKenna Nabarro Olswang LLP; Kieran Sharman – CMS Cameron McKenna Nabarro Olswang LLP; Fiona Vickerstaff – CMS Cameron McKenna Nabarro Olswang LLP; Chris Watson – CMS Cameron McKenna Nabarro Olswang LLP; Vincent Dirckx – CMS DeBacker; Ségolène Regout – CMS DeBacker; Arnout Vaninbroukx – CMS DeBacker; Marcel Hagemann – CMS Hasche Sigle; Joachim Kaetzler – CMS Hasche Sigle; Charlotte Salathé – CMS Hasche Sigle; Jörg Schrade – CMS Hasche Sigle; Marco Selenic – CMS Legal; Aloïs Charpenet – CMS Luxembourg; Angélique Eguether – CMS Luxembourg; Pawel Hermelinski – CMS Luxembourg; Gérard Maitrejean – CMS Luxembourg; Anna Hiegelsperger – CMS Reich-Rohrwig Hainz; Alexander Hiermann – CMS Reich-Rohrwig Hainz; Vanessa Horaceck – CMS Reich-Rohrwig Hainz; David Kohl – CMS Reich-Rohrwig Hainz; Sixtus Kraus – CMS Reich-Rohrwig Hainz; Thomas Liegl – CMS Reich-Rohrwig Hainz; Sibylle Novak – CMS Reich-Rohrwig Hainz; Alexander Rakosi – CMS Reich-Rohrwig Hainz; Dominik Stella – CMS Reich-Rohrwig Hainz; Johannes Trenkwalder – CMS Reich-Rohrwig Hainz; Jens Winter – CMS Reich-Rohrwig Hainz; Dieter Zandler – CMS Reich-Rohrwig Hainz;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; CMS DeBacker; CMS Hasche Sigle; CMS Legal; CMS Luxembourg; CMS Reich-Rohrwig Hainz;

Clients: Worldline SA;

Author: Federica Tiefenthaler