Zip Co Limited’s Acquisition of Twisto Payments

Arnold Bloch Leibler and DLA Piper acted for Zip Co Limited (ZIP: ASX) on the acquisition of Twisto Payments, assisted by Schoenherr.

Zip Co Limited (ASX: Z1P) announced it has agreed to acquire the remaining shares of European “Buy Now Pay Later” provider Twisto Payments a.s..

The decision to acquire Twisto marks an important step in Zip’s European strategy. The acquisition will complement Zip’s UK presence, which launched earlier this year, and provides a gateway to one of the largest eCommerce markets globally.

Zip will purchase the remaining shares in Twisto that Zip does not already own for an amount of ~$140 million. 

Zip Co Limited (Z1P: ASX) is a leading player in the digital retail finance and payments industry. The company offers point-of-sale credit and digital payment services to the retail, home, health, automotive and travel industries.

The ABL team was led by Corporate and M&A partner Gavin Hammerschlag (Picture), and supported by lawyers Anna Sandiford and Max Grunwald.

Involved fees earner: Max Grunwald – Arnold Bloch Leibler; Gavin Hammerschlag – Arnold Bloch Leibler; Anna Sandiford – Arnold Bloch Leibler;

Law Firms: Arnold Bloch Leibler;

Clients: Zip Co Ltd;

Author: Sonia Carcano