De Brauw has acted as Counsel to ING Bank in the acquisition of 75% stake in Payvision.

Client name
ING Bank N.V.
 
Other parties involved
Payvision Holding B.V., Founding management.
 
Nature of transaction
ING has reached agreement to acquire a 75% stake in Payvision, an international omnichannel payments service provider, valued at EUR 360 million. The founding management of Payvision will hold a 25% minority stake and will continue to lead the company. The acquisition allows ING to further invest in the payments business.
 
Value of transaction
EUR 360 million.
 
De Brauw involvement
Counsel.
 
Other advisors
ING Corporate Finance; FT Partners (financial advisor to ING); Deloitte (transaction support to ING); Jefferies (financial advisor to Sellers); Stibbe.
 
De Brauw lead partner
Klaas de Vries.
 
De Brauw team
Klaas de Vries, Pete Lawley, Han Shi Chen, Ton Schutte, Rutger van Boxtel.