Dentons advises Ingenico Group on the acquisition of SST
Dentons, Kyiv, Ukraine,
Fri, May 26, 2017
Dentons’ Kyiv office acted as legal counsel to Ingenico Group, the global leader in seamless payment, on the acquisition of the payment activities business of Bancomzvjazok JSC (BKC) through the purchase of 100 percent of the shares in a newly created legal entity "SST" (Systems of Secure Transactions).
BKC has been a partner and distributor of Ingenico Group in Ukraine since 1997. The transaction involved the carve-out of BKC’s payment activities business unit to SST.
The deal will expand France-based Ingenico’s footprint in Ukraine. With 40 employees, SST brings extensive knowledge of the local market and strong relationships with leading Ukrainian banks. SST also provides software development services to various entities within Ingenico Group in Eastern Europe, Western Europe, and Africa.
Dentons’ team was led by partner Adam Mycyk, with significant assistance from senior associates Anna Tkachenko and Nikolay Zhovner, as well as partner Volodymyr Monastyrskyy. Other associates involved in the transaction included Borys Schwarzer, Oksana Horban and Roman Mehedenyuk.
About Ingenico Group
Ingenico Group (Euronext: FR0000125346 - ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best-known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise.
Dentons is the world's largest law firm, delivering quality and value to clients around the globe. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work. www.dentons.com
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