Frank­furt a.M. — Herbert Smith Freeh­ills has advi­sed heidel­pay Group on the acqui­si­tion of Paysafe Pay Later, a specia­list in pay-later payment methods, from Paysafe Group. The tran­sac­tion is still subject to regu­la­tory appr­oval and is expec­ted to close in the third quar­ter of 2020. Until then, the two compa­nies will conti­nue to operate as inde­pen­dent organizations.

Paysafe Pay Later (payo­lu­tion GmbH) deve­lops payment solu­ti­ons for online and offline commerce. As part of the inter­na­tio­nal Paysafe Group, a leading specia­li­zed payment plat­form with over 20 years of expe­ri­ence in the online payment busi­ness, Paysafe Pay Later offers indi­vi­dual solu­ti­ons for the DACH region.

heidel­pay is one of the fastest growing German tech compa­nies for inter­na­tio­nal payments. With over 17 years of expe­ri­ence in e‑commerce and as a BaFin-appro­ved payment insti­tu­tion, heidel­pay offers compa­nies of all sizes the ability to process payments world­wide. Since 2020, the inves­tor KKR has been the majo­rity share­hol­der of the heidel­pay Group.

heidelpay’s latest invest­ment is part of the company’s stra­tegy to drive Euro­pean expan­sion and expand its product offe­ring for its own custo­mers in the area of Pay Later payment methods.

Herbert Smith Freeh­ills had alre­ady advi­sed the heidel­pay foun­ders and the inves­tor AnaCap Finan­cial Part­ners on the sale of a majo­rity stake to the invest­ment company KKR in 2019. In 2017, the firm had assis­ted the heidel­pay foun­ders in the sale of a majo­rity stake to AnaCap Finan­cial Partners.

Advi­sor heidel­pay Group: Herbert Smith Freeh­ills (Frank­furt)
Dr. Nico Abel, Photo (Part­ner, Lead), Rüdi­ger Hoff­mann (Coun­sel; both Corporate/M&A), Dr. Marcel Nuys (Part­ner), Dr. Florian Huer­kamp (Coun­sel; both Anti­trust; both Düssel­dorf), Kai Liebrich (Part­ner, Finance / Regu­la­tory), Moritz Kunz (Part­ner, Labor Law / Data Protec­tion), Dr. Stef­fen C. Hörner (Part­ner, Tax), Dr. Julius Brandt (Senior Asso­ciate), Tatiana Guens­ter, Quenie Hubert (both Asso­cia­tes; all Corporate/M&A), Mirko Gleits­mann (Asso­ciate, Anti­trust Law, Düssel­dorf), Dr. Hannes Jacobi (Senior Asso­ciate, Finance / Regu­la­tory), Dr. Simone Zieg­ler (Senior Asso­ciate, Labor Law / Data Protection)