CORVEL has advised the shareholder of Munich-based LAVEGO AG ("LAVEGO") on the sale to myPOS.
LAVEGO is a network operator in the German Banking Industry's girocard system and a payment institution authorized by BaFin. In addition to the mere settlement of payment transactions, LAVEGO also processes transactions from technically demanding niche markets such as gas stations and unattended terminals in vending machines. LAVEGO's own development team creates the software used to process transactions.
myPOS is an international provider of payment solutions with more than 250,000 affiliated merchants. With the acquisition of LAVEGO, the company aims to strengthen its position in the payment sector in Germany and expand its range of payment solutions by integrating LAVEGO's advanced PaySphere platform for small and medium-sized enterprises (SMEs). myPOS is an Advent International portfolio company.
The closing of the transaction is subject to approval by the German Federal Ministry for Economic Affairs and Climate Action and BaFin and is expected to take place in the course of 2025.
Advisors stockholder LAVEGO AG
CORVEL (Hamburg): Dr. Felix Brammer (Corporate, lead), Dr. Dirk Brockmeier (Corporate), Tobias Brandenburg (Corporate)
Hamburg, 31 March 2025