DLA Piper advises PayTel on an acquisition of a 100% stake in Kar-Tel
The law firm DLA Piper advised PayTel, a leading payment services provider owned by Portuguese SIBS Group, on its preliminary agreement to acquire a 100% stake in Kar-Tel.
Kar-Tel is one of the largest Polish companies in the payment industry, offering a range of innovative solutions in the area of payment services and finance with a particular focus on value-added services at terminals. The acquisition of Kar-Tel is a further step for the SIBS Group in consolidating its strategic position on the Polish market and expanding its portfolio of services.
DLA Piper Poland’s transaction team was led by Jakub Domalik-Plakwicz, Marek Kłeczek and Kamila Możdżeń, with the support of Dominik Mizerski and Zofia Waszczykowska from the Corporate and M&A team.
The transaction is scheduled to close in the second half of 2023 and is expected to take place once the conditions precedent have been met.
We would like to thank PayTel and SIBS Group for the trust they placed in us during the implementation of the project.