Payglobe Acquires Majority Stake in Moneynet
Deal News | Mar 17, 2025 | Legal Community Italy
Gum Group, via its subsidiary Payglobe, has entered into an agreement to acquire a majority stake in Moneynet. Moneynet is a specialized payment institution involved in developing electronic payment systems, including interbank systems and electronic security certificates. Legal assistance for Gum Group was provided by Lexia, coordinating all legal due diligence, contract documentation, negotiation, golden power implications, and communication with the Bank of Italy. Lexia's team was led by Managing Partner Francesco Dagnino and included several partners and associates. Regulatory advice was provided by a team led by Angelo Messore, while fiscal issues were handled by Belluzzo International Partners. Additionally, Talea Tax Legal Advisory advised CSH, a subsidiary involved in the deal, with all aspects of the legal due diligence and negotiation.
Sectors
- Financial Services
- Legal Services
Geography
- Italy – The companies involved in the transaction, including Gum Group, Payglobe, Moneynet, and legal advisors, are based in Italy.
Industry
- Financial Services – Moneynet operates in the financial services industry, specializing in electronic payment systems.
- Legal Services – The article discusses legal advisory work provided by Lexia and Talea Tax Legal Advisory.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Moneynet | Target Company | Company | A payment institution specializing in electronic payment systems. |
| Gum Group | Buyer | Company | Parent company of Payglobe acquiring Moneynet. |
| Payglobe | Acquiring Entity | Company | Subsidiary of Gum Group acquiring the majority stake in Moneynet. |
| CSH | Vendor | Company | Subsidiary of IVS Group involved in the sale. |
| IVS Group | Other Company | Company | Parent company of CSH. |
| Illimity | Vendor | Company | Involved in the sale of Moneynet. |
| TXT Ennova | Vendor | Company | Involved in the sale of Moneynet. |
| Lexia | Legal Advisor | Company | Provided legal assistance to Gum Group. |
| Talea Tax Legal Advisory | Legal Advisor | Company | Provided legal assistance to CSH. |
| Belluzzo International Partners | Tax Advisor | Company | Handled fiscal aspects for Gum Group. |