Proskauer, a leading international law firm, today announced that it has advised DNA Payments Group (DNA), the fast-growing vertically integrated payments company, and one of the UK's Top 50 FinTech companies (source: Beauhurst), on its acquisition of First Payment Merchant Services (FPMS). The acquisition follows an investment into DNA from Alchemy Partners, on which Proskauer also advised DNA Payments.
FPMS is one of the UK's leading independent payment processing providers, with more than 10,000 customers and facilitating around 400 million transactions per year for SMEs and larger customers. The acquisition will enable DNA Payments to expand its omnichannel platform offering to FPMS's customers.
The Proskauer team advising DNA was led by partners Andrew Wingfield and Andrew Houghton and associate Jack Morant (M&A).
Support was also provided by partner Vikki McKay and associate Kikelomo Lawal; partner Kirsten Lapham and special counsel Amar Unadkat (Regulatory); partner Steven Pevsner, special counsel Richard Miller and associate Philip Gilliland (Tax); special counsels Kelly McMullon and Nicola Bartholomew (Labor & Employment); associate Sonia Lamba (Private Credit); and associate Alexander Dixey (Technology, Media & Telecommunications).
"This was an important transaction for DNA, which is why we turned to Proskauer, the go-to law firm in the payments M&A and fundraising space," said Arif Babayev, CEO of DNA.