Dusseldorf, October 4th: A team led by Fieldfisher Corporate M&A Partner Jan Hartmann from Dusseldorf advised the Japanese GLORY Ltd. (GLORY) on the acquisition of the shares of Cash Payment Solutions GmbH (CPS). GLORY is one of the world's leading providers of cash management solutions, CPS develops and provides online cash settlement platforms under the brands ‘Barzahlen’ and ‘viacash’. The acquisition of a majority interest of the shares in CPS is for GLORY part of their "Long-term Vision 2028".
At the same time, it was ensured in the course of the transaction that the managing directors commit themselves long term to the company and that fresh capital is provided to the company.
As part of the transaction, the financial investors involved to date have sold their shares in CPS. Thus, the ALSTIN Group of Carsten Maschmeyer, REWE Digital GmbH and BTH as well as various Business Angels withdraw as investors.
The completion of the transaction is subject to clearance from the relevant regulatory authorities in accordance with applicable laws and regulations.
In advising GLORY, Fieldfisher once again demonstrates its expertise in the Payment and FinTech business and thereby successfully concludes another transaction in this segment in just a matter of weeks.