GESSEL advises a shareholder in PayPro, operator of the Przelewy24 payment platform, on the transaction with the Nets group
GESSEL provided comprehensive legal services to a shareholder in PayPro in the course of establishing a strategic partnership with Nets.
Our input comprised, in particular, preparation and execution of a complex due diligence process, drafting of the transaction documentation, negotiations, advice on the antitrust aspects, and assistance with the administrative duties associated with the transaction.
PayPro SA is a provider of professional solutions for online payments via the Przelewy24.pl platform. The operator serves over 85,000 merchants, including some of the major e-commerce platforms in Poland and in the world. Przelewy24 generates revenues in excess of EUR 20 million and employs 100 persons.
Nets is a Copenhagen-based company active for more than 50 years, during which it has become one of the largest players in the European payments market. It provides services to banks, merchants and large businesses; Nets employs 2,500 staff. Nets is owned by the private equity fund Hellman & Friedman, which acquired it in a USD 5.3 billion transaction in 2018.
The multidisciplinary GESSEL team working on this transaction – reporting to Marcin Macieszczak, managing partner and to Małgorzata Badowska, partner – was led by Michał Bochowicz, managing associate and included Michał Osowski, trainee attorney, with Bernadeta Kasztelan-Świetlik, partner addressing the competition law issues, Inarda Bielińska, attorney working on the tax aspects, and with input by Tomasz Drągowski, attorney, Karolina Krzal, advocate, Marcin Piątkowski, trainee advocate and Barbara Tomczyk, trainee advocate.