Worldline’s Acquisition of Handelsbanken’s Card Acquiring Business

DLA Piper has advised Worldline on the deal.

Worldline, a French group and European leader in the payment and transactional services sector, announced the acquisition of the card-acquiring activity of the Swedish group Handelsbanken in Sweden, Norway, Denmark and Finland.

In Scandinavia, the activity represents more than 550 million transactions per year, a payment volume of approximately 20 billion euros, an annual turnover of approximately 35 million euros and an EBITDA percentage of over 30%.

The transaction is expected to result in additional annual revenue of approximately 35 million euros ($41 million) and double-digit organic growth over the next four years.

The DLA Piper team was led by Paris-based Partner Jeremy Scemama (Picture) with senior associate Laurent Asquin, and Stockholm based Partner Anna Berntorp and further included Anna Berntorp, Erik Björkeson, Louise Vidlund, Anna Jussil Broms, Alf-Peter Svensson, Petri Morelius, Josefin Strömberg, Sveninung Mjaugedal, Camilla Wollan, Anniken Sjovod, Martin Christian Kruhl and Patrick Krintel Johansen.

The inhouse team at Worldline included Charles-Henri de Taffin, Group General Counsel; Benjamin Thorez, Group Head of Corporate Affairs and Legal M&A; Xavier Faurie, Group Head of Legal M&A.

Involved fees earner: Laurent Asquin – DLA Piper; Anna Berntorp – DLA Piper; Erik Björkeson – DLA Piper; Anna Jussil Broms – DLA Piper; Patrick Krintel Johansen – DLA Piper; Martin Christian Kruhl – DLA Piper; Sveninung Mjaugedal – DLA Piper; Petri Morelius – DLA Piper; Jeremy Scemama – DLA Piper; Anniken Sjøvold – DLA Piper; Josefin Strömberg – DLA Piper; Alf-Peter Svensson – DLA Piper; Louise Vidlund – DLA Piper; Camilla Wollan – DLA Piper;

Law Firms: DLA Piper;

Clients: Worldline SA;

Read the full article on Global Legal Chronicle France

Author: Naoual Sadouqi

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