Keystone Law has advised fintech client and leading provider of card issuing solutions for businesses, B4B Payments (“B4B”), on its sale to private equity-owned Banking Circle. B4B will operate as an independent sister company of the next-generation global payments banking group.
Together the B4B and Banking Circle will form a unique industry-leading provider of payment solutions with full-value chain coverage and scalability, allowing B4B to expand its portfolio of payments solutions for businesses. With B4B’s expertise, Banking Circle can now offer additional capabilities such as card issuing, built on top of its core platform of payments, accounts and liquidity.
The Keystone Law team was led by Nadim Zaman and Siobhan Moore with support from Corporate associate Albert Mennen, Banking & Finance partner Philip Jones, Employment partner Denham Bell and paralegal Gabriel Navias. Keystone Law also coordinated legal input from local counsel in Denmark and Singapore.
Paul Swinton, CEO of B4B, said of the deal:
“Keystone Law provided an outstanding level of specialist and pragmatic advice throughout the transaction. Nadim and his team’s insights meant the acquisition exchanged and completed smoothly, allowing B4B to now focus on this exciting new chapter.”
Nadim Zaman, Corporate Partner of Keystone Law, added:
“We commend our client’s pragmatism and patience necessary to complete this complex transaction across multiple jurisdictions. It has been a pleasure to advise on this global fintech deal and we wish them every success as they expand to be at the forefront of business payment solutions.”
Banking Circle was represented by Deloitte Legal, Shook Lin & Bok and Mazanti-Anderson.