DLA Piper advises Zip on acquisition of Twisto Payments
DLA Piper has advised Zip Co Limited, an Australian public limited financial technology company and unicorn startup, on its acquisition of around 90% of the remaining shares in Twisto Payments, a leading buy now, pay later (BNPL) payment platform in the Czech Republic.
The DLA Piper team was led by Miroslav Dubovský, Country Managing Partner in the Czech Republic and Head of Corporate in Prague, assisted by associates Marcel Janíček and Pavlína Trchalíková.
Zip Co invested in around 10% of the shares in Twisto in December last year, and the recent transaction completes the acquisition.
Commenting on the transaction, Miroslav Dubovský, said: “We’re thrilled we could assist Zip Co in all stages of this complex transaction, which not only included transactional advice but also regulatory and corporate – all across several jurisdictions.”
The acquisition of Twisto strengthens Zip’s position in Europe, demonstrates their global growth strategy and unlocks easy access to the growing EU eCommerce market.
“As the fintech market has remained very active during the pandemic, we’re glad to have completed another transaction in this sector,” added Miroslav Dubovský.