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WKB Advises Polskie ePlatnosci on Acquisition of Billbird

WKB Advises Polskie ePlatnosci on Acquisition of Billbird

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WKB Wiercinski, Kwiecinski, Baehr has advised Centrum Rozliczen Elektronicznych Polskie ePlatnosci S.A. on its acquisition of 100% of shares in Billbird S.A. from International Game Technology. Wierzbowski Eversheds Sutherland reportedly advised International Game Technology on the sale.

The conditional share sale agreement was signed on January 31, 2019, and closing is subject to obtaining the clearance of the President of Poland's Office of Competition and Consumer Protection, the Polish Competition Authority, and the Polish Financial Supervision Authority.

Billbird is a provider of mobile payment and e-invoicing solutions, as well as financial and commercial services on a POS terminal, supplying businesses with e-invoicing solutions. The company provides its services online, through its Moje Platnosci online brand, as well as through traditional channels. 

International Game Technology is a global lottery gaming services technology company that is listed on the New York Stock Exchange. 

Centrum Rozliczen Elektronicznych Polskie ePlatnosci, which operates on the Polish cashless payment market, specializes in payment processing technology and providing solutions for business customers. 

This is the second deal that WKB advised Polskie ePlatnosci. In 2018, the company purchased 100% of the shares in PayUp Polska from Eurocash as reported by CEE Legal Matters on October 8, 2018.

WKB Partner Jakub Jedrzejak, who led the firm's team on the deal, commented that, “the increasing role of cashless solutions is a clear trend in the payment sector. As a result, we are seeing growth in competition and dynamic changes on the market.”

In addition to Jedrzejak, the WKB team included Partners Marcin Smolarek and Bartosz Turno, Counsel Klaudia Fratczak-Kospin, Senior Associates Katarzyna Kozak, Wojciech Kulczyk, and Robert Makowski, and Associates Dominik Kulpa, Aleksandra Dziurkowska, and Monika Obieglo.  

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