Charles Russell Speechlys advises management on the sale of Emerging Markets Payments

23 Mar 2016

Charles Russell Speechlys (CRS) has acted as legal adviser to the management team of Emerging Markets Payments (EMP), the leading Africa and Middle East payments business, on the sale of EMP by Actis to Network International. Actis is the private equity firm which invests exclusively in Africa, Asia and Latin America and is a leading investor in growth markets with US$7bn of funds under management. Network International is a leading provider of payment solutions in the Middle East, and is backed by Emirates NBD, and private equity houses, General Atlantic and Warburg Pincus.

Charles Russell Speechlys acted for management on the management warranty deed and assisted with the disclosure process in relation to the transaction, alongside Clifford Chance, who acted for Actis on the sale. Freshfields acted for Network International.

The transaction is subject to regulatory approvals.

Charles Gill, Chief Operating Officer of EMP commented “This was a complex process, with multiple bidders running in parallel, and management spread across six countries. I’m very grateful for the advice and support that Charles Russell Speechlys provided throughout.”

Commenting on the transaction, Malcolm MacDougall, Partner and head of the Private Equity team at Charles Russell Speechlys, said: “We are delighted to have advised the management team of Emerging Markets Payments on the sale, and to have assisted in achieving exchange of contracts on the deal. We look forward to working with management to bring the transaction to a successful completion.”

The Charles Russell Speechlys team consisted of Malcolm MacDougall and Chris Manning.

 

For more information, please see here.

« Back to Member News

AVCA Member News: Development Partners International’s African Development Partners III Fund chosen as the first 2X… https://t.co/SUvJxhSFhv

AVCA Member News: Inside Capital Partners portfolio company KCB merges with Beta Read more: https://t.co/bGB4YQjA98

We are pleased to present our 2020 H1 African Private Equity Data Tracker. The report provides a provisional look… https://t.co/U6NBsOP2BT

@fDiIntelligence: The resilience of investment in Africa’s technology sector mirrors the growth of the African tec… https://t.co/TJ8CGqK9qn

AVCA Member News: CDC, FMO, Norfund et al. back Greenlight Planet Read more: https://t.co/CmZZUf3ZlG

;