We advised Nets Holding A/S in acquiring the merchant acquiring business from Nordea
Ellex Raidla partner Sven Papp and associates Gerly Lõhmus and Gerda Liik advised Nets Holding A/S in acquiring Nordea's merchant acquiring business (ie the section of Nordea's payment business dealing with acquiring of international payment cards) in the Nordic and Baltic regions.
Merchant acquiring is a service provided to corporate customers, enabling them to accept card payments at point-of-sale and online. Ellex Raidla conducted legal due diligence of the merchant acquiring business of Nordea Bank AB Eesti filiaal. The merchant acquiring business of Nordea was acquired for a price of EUR 230 million on an enterprise value basis.
Nets is the fifth-largest card processor in Europe and the largest in the Nordic region.
Additional information about the deal is available here.