Our Firm, with Equity Partner Alessandro Saini, provided tax assistance to GUM Group, which, through its subsidiary PayGlobe, acquired 60% of Moneynet, a company controlled by the IVS Group.
PayGlobe offers a wide range of services useful for managing online, mobile, and in-store payments.
Moneynet controls approximately 9,500 active POS terminals in Italy and manages the processing of 4,500 POS terminals installed on IVS Group vending machines in Italy, France, and Spain.
Thanks to the integration with Moneynet, PayGlobe will offer a multi-channel payment platform capable of also providing value-added services for the retail and e-commerce sectors, creating a new fintech entity with a total turnover of approximately 10 million euros.
The completion of the transaction is subject to the approval of the competent authorities.
Other law firms involved in the transaction: for GUM Group, Lexia handled the legal due diligence, with a team coordinated by Managing Partner Francesco Dagnino, and managed the regulatory aspects with a team composed of Angelo Messore and Federico Bonardi; for Csh (a subsidiary of IVS Group), Talea Tax Legal Advisory handled the legal due diligence with a team led by Partner Gabriele Consiglio.
