BPV Huegel worked with the Frankfurt office of Herbert Smith Freehills in advising the Heidelpay Group, a German technology company for international payments, on the acquisition of the Paysafe Group’s Pay Later business. Binder Groesswang advised the Paysafe group.
According to BPV Huegel, "the transaction is part of the Heidelpay Group's strategy to grow its European presence in order to enhance the product range for its own customers in the area of Pay Later payment methods. Paysafe Pay Later is a specialist provider for Pay Later payment methods with a geographical focus on the DACH region. As an omnichannel provider, the company offers white-labelled invoice solutions, such as purchase on account, installment purchase as well as bank transfers and direct debits for both online and bricks-and-mortar retailers."
BPV Huegel's team was led by Attorney at Law Daniel Reiter and included Co-Managing Partner Christoph Nauer, Partners Gerhard Fussenegger, Kornelia Wittmann, Sonja Durager, and Thomas Lettau, Attorneys at Law Roland Juill, Nicolas Wolski, and Paul Pfeifenberger, and Associates Barbara Valente, Emanuel Hackl, and Paul Pfeifenberger.
Herbert Smith Freehills's team was led by Managing Partner Nico Abel, Partners Marcel Nuys, Kai Liebrich, Moritz Kunz, and Steffen Horner, Counsels Rudiger Hoffmann and Florian Huerkamp, Senior Associates Julius Brandt, Hannes Jacobi, and Simone Ziegler, and Associates Mirko Gleitsmann, Tatiana Guenster, and Quenie Hubert.
Binder Groesswang's team was led by Partner Markus Uitz.