Bird & Bird advised Mastercard on the Danish part of the acquisition of Nets' account-to-account payment business

08-2019

As set out in Mastercard's press release, Mastercard has entered into an agreement to acquire the majority of the Corporate Services of Nets, for EUR 2.85 billion. The acquisition comprises the clearing and instant payment services, and e-billing solution of Nets' Corporate Service Business. The transaction, which is anticipated to close in the first half of 2020, is subject to regulatory clearances and other customary closing conditions. Mastercard expects the transaction to be dilutive for up to 24 months after the deal closes, primarily related to purchase accounting and integration related costs. 

Bird & Bird has advised Mastercard on the Danish part of the acquisition. The Bird & Bird team was led by partner Casper Moltke-Leth and primarily supported by partner Morten Nissen, senior associate Vivek Kailas, and senior associate Annette Printz Nielsen