DLA Piper advises StoneX in its strategic partnership with Bamboo Payment Systems

DLA Piper advised StoneX Group, Inc., a global financial services firm, in entering into a partnership with Bamboo Payment Systems, a cross-border payments company, through its subsidiary StoneX Payments.

The partnership will seek to expand cross-border payment offerings and coverage for global merchants. In addition, the deal includes a capital investment by StoneX. Together, the two companies will offer a leading solution for global merchants and financial institutions that need to collect and make payments in Latin America.

“We were pleased to advise StoneX on this partnership and investment in Bamboo and are excited to see the two companies expand their Latin American footprint and enhance their offerings,” said Andrew Weil, the DLA Piper partner who co-led the deal team.

Alongside Weil (Chicago), the DLA Piper team was co-led by partner Brian Wohlberg (Chicago) and included partner Shmuel Klahr (New York) and associates Alex Carlson (Los Angeles), Jason Veit (Chicago), Elizabeth Steinborn and Carina Meleca (both in New York).

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 15 consecutive years, according to Mergermarket, and ranked as number one in VC, PE and M&A in combined global deal volume according to PitchBook.