CORVEL has provided legal advice to Unzer Group GmbH ("Unzer") on the acquisition of the leading technical network operator Lavego AG from Munich.
Lavego is a network operator for electronic-cash and is a BaFin-approved payment institution. In addition to the settlement of payment transactions, Lavego also processes transactions from technically demanding niche markets such as gas stations and unattended terminals in vending machines. With its own development team, Lavego creates the software used to process transactions itself. Currently, Lavego is preparing for the approval for the nexo standard. The seller and founder, Florian Gohlke, will re-invest in Unzer as part of the transaction.
For Unzer, Lavego and its team are a platform that enables them to onboard terminals faster and expand more easily into other European countries.
The transaction is subject to regulatory approvals and is expected to conclude in the second quarter of 2021.
Unzer is a fast-growing, innovative and modular platform for international payments, offering its customers of all sizes and industries data-driven, secure and custom-fit solutions online, mobile or at the point of sale. The modules cover the entire spectrum of payment management: from the processing of different payment types, to automated analyses of customer behavior and needs, to holistic risk management.
Unzer was founded in 2003 as heidelpay. Today, more than 600 employees work for Unzer across Europe. KKR has been the majority shareholder of Unzer since 2020.
Advisors Unzer
CORVEL LLP (Hamburg): Dr. Felix Brammer (Corporate, lead), Dr. Dirk Brockmeier (Stock Corporation Law), Associates: Thomas Sievers (Corporate, IT), Marc Großmann (Corporate, Due Diligence)
Hamburg, 11 December 2020