KKR’s Acquisition Of Majority Stake in heidelpay

Weil is advising KKR on its acquisition of a majority stake in German fintech heidelpay from AnaCap Financial Partners. Proskauer and Herbert Smith Freehills is advising AnaCap Financial Partners.

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds.

Founded in 2003, heidelpay is one of the fastest growing full-service providers for electronic payment services in Europe.

AnaCap Financial Partners is a leading asset manager in the European financial services sector, investing across the vertical through complementary Private Equity and Credit strategies, and the major stakeholder of Heidelpay.

Based in Heidelberg and founded in 2003, heidelpay is a leading full-service payment provider that offers a complete range of payment processing services to online and face-to-face merchants. heidelpay facilitates payment acceptance on behalf of merchants across various payment methods for e-commerce, m-commerce and at the physical point of sale. heidelpay currently serves more than 30,000 retailers and marketplace operators, focusing on SMEs and corporates. The business operates in a European payments landscape underpinned by strong growth drivers, including an accelerating shift towards non-cash transactions and the continued growth of e-commerce.

Mirko Hüllemann, founder and CEO of heidelpay, and other key managers will remaine as long-term shareholders.

During AnaCap’s investment, heidelpay accelerated the development of its omni-channel platform, complete range of payment products, and proprietary technology. heidelpay can now play a key role in consolidating the fragmented European payments market. KKR is committed to supporting heidelpay in expanding its market share across the payments value chain, both organically and through strategic M&A, continuing the buy-and-build strategy initiated by AnaCap who completed seven bolt-ons. KKR will also support the company s ambitious technology platform and product innovation roadmap.

The Weil team advising KKR is led by Frankfurt Corporate partner Gerhard Schmidt (Picture) and includes Tax partner Tobias Geerling, Corporate partner Barbara Jagersberger and Regulatory partner Uwe Hartmann, as well as Munich Corporate associates Manuel-Peter Fringer, Alexander Pfefferler and Andreas Fogel; Frankfurt Corporate associates Ansgar Wimber and Florian Wessel; Munich Tax associate Benjamin Rapp; Frankfurt Employment Law associate Mareike Pfeiffer; Munich Litigation associates Svenja Wachtel, Konstantin Hoppe and Barbara Sandfuchs.

The Proskauer team was led by London private equity partners Richard Bull and Rob Day, with London associates Andrew Houghton and Jacky Ball.

Herbert Smith Freehills team included partner Nico Abel and associate Rüdiger Hoffmann, representing the company in respect of the German aspects of the transaction.

Involved fees earner: Nico Abel – Herbert Smith Freehills; Rüdiger Hoffmann – Herbert Smith Freehills; Jacqueline Ball – Proskauer Rose LLP; Richard Bull – Proskauer Rose LLP; Rob Day – Proskauer Rose LLP; Andrew Houghton – Proskauer Rose LLP; Andreas Fogel – Weil, Gotshal & Manges; Manuel-Peter Fringer – Weil, Gotshal & Manges; Tobias Geerling – Weil, Gotshal & Manges; Uwe Hartmann – Weil, Gotshal & Manges; Konstantin Hoppe – Weil, Gotshal & Manges; Barbara Jagersberger – Weil, Gotshal & Manges; Alexander Pfefferler – Weil, Gotshal & Manges; Mareike Pfeiffer – Weil, Gotshal & Manges; Benjamin Rapp – Weil, Gotshal & Manges; Barbara Sandfuchs – Weil, Gotshal & Manges; Gerhard Schmidt – Weil, Gotshal & Manges; Svenja Wachtel – Weil, Gotshal & Manges; Florian Wessel – Weil, Gotshal & Manges; Ansgar Wimber – Weil, Gotshal & Manges;

Law Firms: Herbert Smith Freehills; Proskauer Rose LLP; Weil, Gotshal & Manges;

Clients: AnaCap Financial Partners; KKR;