Schoenherr advised EVO Payments International (EVO) on the launch of a strategic alliance with Raiffeisenbank a.s. in the Czech Republic in the segment of payment card acceptance. As a result of the partnership, all acquiring related services and responsibilities will transfer to a newly founded Czech subsidiary of EVO, “REVO”. The transaction, subject to regulatory approvals, is expected to close at the beginning of 2016.

EVO Payments International is a leading card payment acquirer and payment service provider operating throughout the United States, Canada, and Europe.

Schoenherr supported EVO in all legal aspects of the transaction, including the legal due diligence exercise, drafting and negotiating transaction documentation, as well as the filing submitted to the European Commission.

The Schoenherr team advising EVO consisted of Katarzyna Terlecka (partner, Warsaw; Corporate/M&A), Vladimír Cízek (partner, Prague; Corporate/M&A); Daniel Kostal (attorney, Prague; Corporate/M&A), Rudolf Bicek (associate, Prague; Corporate/M&A) and Volker Weiss (partner; EU & Competition).