Stephenson Harwood advised Nium on the deal.
Nium, a global B2B payments platform, has signed a definitive agreement to acquire Ixaris, a travel payments optimisation business. The transaction is expected to complete in the third quarter of 2021. Ixaris provides flexible funding and payment methods which help airlines and online travel agents to reduce surcharges, earn rebates, flatten foreign exchange fees, and streamline reconciliation. Since its inception in 2003, Ixaris has processed 24 million transactions for 200+ customers in 40+ countries for a total payment volume of £5 billion.
The Stephenson Harwood team was led by private equity partner Richard Coleman (Picture) who was assisted by associate Lydia Zakrzewski.
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