Ebury Strengthens Payment Solutions Portfolio with ArcaPay Acquisition
Deal News | Jan 24, 2025 | CEE Legal Matters
Ebury, a notable financial services company focused on foreign exchange (FX) and global trade finance, has successfully completed the acquisition of ArcaPay, a Lithuanian company specializing in international payment solutions. The acquisition process was spearheaded by Walless, a law firm, which collaborated with Reynolds Porter Chamberlain to provide counsel to Ebury. The legal guidance for the acquisition on behalf of ArcaPay was provided by TGS Baltic. The Walless legal team was led by Partners Andrius Ivanauskas and Joana Baublyte-Kulviete with support from Senior Associates Migle Jeremiciute and Viktorija Dusajeva. Meanwhile, ArcaPay's advisors from TGS Baltic included Partners Zygimantas Stankevicius and Indre Barauskiene along with Senior Associates Paulius Dabulskis, Ruta Tikuisyte, and Rasa Blinstrubiene. This acquisition signifies Ebury's strategic move to enhance its international payment solutions capabilities and expand its presence in the European financial services market.
Sectors
- Financial Services
- Legal Services
- Payment Solutions
Geography
- Lithuania – ArcaPay is based in Lithuania, making this geography relevant to the acquisition.
- United Kingdom – Ebury is a UK-based company, thus making the UK relevant in the context of the acquisition.
Industry
- Financial Services – The article discusses Ebury, a financial services company, acquiring ArcaPay, indicating involvement in financial service activities related to payment solutions.
- Legal Services – Legal advice and services were central to the transaction as Walless and TGS Baltic provided legal counsel to Ebury and ArcaPay, respectively.
- Payment Solutions – ArcaPay, a company specializing in international payment solutions, and the acquisition enhances Ebury's capabilities in this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ebury | Bidding Company | Company | Ebury is a financial services company involved in the acquisition. |
| ArcaPay | Target Company | Company | ArcaPay is a Lithuania-based company specializing in international payment solutions. |
| Walless | Legal Advisor for Ebury | Company | Walless provided legal counsel to Ebury during the acquisition. |
| TGS Baltic | Legal Advisor for ArcaPay | Company | TGS Baltic provided legal counsel to ArcaPay during the acquisition. |
| Reynolds Porter Chamberlain | Legal Advisor | Company | Reynolds Porter Chamberlain worked with Walless to advise Ebury. |