Wirecard acquires all the shares in the company, which has developed a leading payment platform for small and medium sized retailers. In particular it focuses on marketplaces and companies with direct sales with its innovative end-to-end solutions. Wirecard will take over more than 150 employees at its location in Sao Paulo and is continuing its global expansion with the entry into the Brazilian market.

The total cash consideration comprises cash payments of EUR 23.5 million. Further earnout payments totalling up to EUR 13.5 million will depend on Miop's financial results for the 2016, 2017 and 2018 fiscal years.

The Osborne Clarke team that advised on the acquisition was led by Partner Dr Björn Hürten who was assisted by Annette Simon (both Corporate / M&A), Dr Matthias Terlau and Mark Gebauer (both capital markets). Osborne Clarke worked alongside Brazilian law firm TozziniFreire on the due diligence aspects of this transaction.

Osborne Clarke advises Wirecard on a regular basis across several jurisdictions, both on the day-to-day business aspects on questions of payment services as well as transactions, including the recent acquisition of the Acquiring Portfolio of Lufthansa Airplus as well as acquisitions in India, South Africa and Turkey.