DLA Piper has advised digital retail finance and payments company Zip Co Ltd on the conditional acquisition of the remaining 78% of the Spotii and 90% of the Twisto buy-now, pay-later payment platforms. Schoenherr advised Twisto on the deal.
The share acquisition follows Zip Co's initial purchase of 22% of Spotii in December of 2019 and 10% of Twisto in the fourth quarter of 2020 and the first half of 2021 (as reported by CEE Legal Matters on January 25, 2021).
DLA Piper’s team in Prague included Managing Partner Miroslav Dubovsky and Associate Marcel Janicek.
Schoenherr's team was led by Partner Robert Bachner and included Partners Thomas Kulnigg and Vladimir Cizek, Attorney Jiri Marek, and Associate Alexander Grubera.
Editor's Note: On November 15, 2021, DLA Piper announced that the transaction had successfully closed.