Deal Watch: Summer Sees Payment Systems Mergers Heat Up
July was a busy month for billion-dollar M&A deals, as the European market began to show signs of recovery from a Brexit-induced shock, although the ensuing transactional trauma did not prove to be as devastating as initially feared. The sales of several payment systems companies this month generated key roles for nearly a dozen large firms.
July 28, 2017 at 01:30 PM
94 minute read
July was a busy month for billion-dollar M&A deals, as the European market began to show signs of recovery from last year's Brexit-induced shock, although the ensuing transactional trauma did not prove to be as devastating as initially feared.
The U.K.'s Worldpay Group plc kicked off this month's deal frenzy with its $10 billion bid for Cincinnati-based credit card processor Vantiv Inc., a union that London-based sibling publication Legal Week noted yielded key roles for Allen & Overy and Skadden, Arps, Slate, Meagher & Flom.
Payment systems transactions proved to be popular in July, as British online payment company Paysafe Group plc announced last week that it had received a $3.8 billion takeover bid by a consortium led by private equity firms The Blackstone Group LP and CVC Capital Partners LP.
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