Represented the Netherlands-based investment group on the sale of shares of an e-money institution

Our M&A team represented the Netherlands-based investment group on its exits from successful investment in Lithuania. Our client has transferred 100% of shares held in an electronic money institution licensed by the Bank of Lithuania.

We have advised the client through all stages of the transaction, starting from the negotiation, assisting in the vendor’s due diligence process, drafting of the transaction documentation and ending in a successful closing.

“We needed an EU country with a regulator that is respected and recognised internationally – since our credibility with clients depends on it – and has experience dealing with fintechs as well as new financial business models. We also wanted access to a talented and educated workforce – a pool of people with payments experience across a range of disciplines such as AML, compliance, credit risk, and payment operations. Finally, we’re a pan-European business, so we needed a market with strong European languages skills. Lithuania ticked all these boxes”  said Richard Thornton, Co-Founder and Co-CEO of the buyer.