Kyriakides Georgopoulos advised EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), a leading global provider of payment technology integrations and acquiring solutions, in a transaction involving a long-term strategic marketing alliance with the National Bank of Greece (“NBG”) to provide merchant acquiring and payment processing services.
Kyriakides Georgopoulos team led by Partners Konstantinos Vouterakos and Konstantinos Issaias and Competition Partner Anastasia Dritsa assisted EVO throughout the negotiations of transaction documents, the conduct of legal due diligence and the provision of regulatory advice on the various aspects of the transaction. During the past few months our dedicated team included amongst others, Data Protection and Privacy Partner Elina Georgili, Εmployment Partner Ioanna Kyriazi, Senior Associate Zaphirenia Theodoraki and Associates Thanasis Misirlis, Faye Mylonaki, Matina Roma, Alexandros Kourtis, Natalia Soulia and Despina Korovesi.
The transaction structure contemplates the creation of a merchant acquiring joint venture through a spin-off of NBG’s merchant acquiring business into a new entity, and EVO will acquire a 51% interest in the new entity. The transaction is expected to close in 2022, subject to customary regulatory approvals and closing conditions.
Our team is very proud to support EVO in this transaction which signifies EVO’s direct presence first time in Greece and puts more color in the already vibrant Greek digital payments and card adoption market. Many thanks to our core contacts with EVO team, Darren Wilson, David Goldman, Kelli Sterret, Austin Dailey and Brianna Fogel for their great cooperation and trust.