London, 4 November, 2020 – Proskauer, a leading international law firm, announced today that it has advised AnaCap Financial Partners on its exclusive negotiations with Carrefour Group for the purchase of a majority stake in Market Pay, an end-to-end payments platform.
As part of the deal, Carrefour Group would maintain a stake in the business and AnaCap's proposed ownership would see Market Pay remain the exclusive payments provider for the Carrefour Group, while further diversifying its client base.
The transaction is AnaCap's first investment in the French payments space, and leverages their in-depth European knowledge of the sector. Proskauer previously advised AnaCap on its sale of German payments business heidelpay to KKR.
The Proskauer team was led by M&A partner Richard Bull and included private credit partner Alex Griffith, tax partner Stephen Pevsner, M&A associate Jenny Bowe, special antitrust & regulatory counsel Jade-Alexandra Fearns, M&A associate Mark Hume and private credit associate Charlotte Boylin (London), corporate partner Delia Spitzer and special international corporate counsel Stephanie Martinier (Paris).