ING announced that it has acquired a 75% stake in Payvision, is a fast growing, independent international card acquirer and payments platform.
The company started in Amsterdam and now has offices in New York, London, Madrid, Toronto, Singapore, Tokyo and Hong Kong. The transaction values Payvision at EUR 360m. The company’s solution connects payment service providers and global merchants.
The transaction will enable ING to strengthen its footprint in omnichannel payments services and expand its merchant services for its business customers, in particular in the fast-growing e-commerce segment.
Stibbe advised Payvision on the deal with a team led by Björn van der Klip (picture) and Duco de Boer, assisted by Rogier Raas, Paul Quist, Sophie Zwartkruis-Bakker, Roderik Vrolijk, Geertje Jonker, Judica Krikke, Paul Vestering, Jeroen Smits, Janna van Olst, Johanne Boelhouwer, Floris ten Have, Suzanne Kröner-Rosmalen and Ivo Nelissen.
Involved fees earner: Björn van der Klip – Stibbe; Duco de Boer – Stibbe; Paul Quist – Stibbe; Sophie Zwartkruis-Bakker – Stibbe; Geertje Jonker – Stibbe; Suzanne Kröner-Rosmalen – Stibbe; Rogier Raas – Stibbe; Roderik Vrolijk – Stibbe; Judica Krikke – Stibbe; Janna van Olst – Stibbe; Paul Vestering – Stibbe; Johanne Boelhouwer – Stibbe; Ivo Nelissen – Stibbe; Jeroen Smits – Stibbe; Floris ten Have – Stibbe;
Law Firms: Stibbe;