Herbert Smith Freehills is pleased to be advising Banking Circle S.A. (Banking Circle), the innovative, tech-driven payments bank, on its proposed acquisition of Australian Settlements Limited, an Australian settlement and payment services provider.

Banking Circle, headquartered in Luxembourg, was founded in 2013 and is a leading international provider of next-generation banking services and financial infrastructure to banks and payment business.

The transaction is being led by M&A partner Amelia Morgan and financial services regulatory partner Charlotte Henry. The team also includes partner Peter Jones, senior associates David Curley and Kosta Hountalas, and solicitor Nick Venn.

Amelia Morgan commented, “We are delighted to be advising Banking Circle on this important transaction, which will enable Banking Circle to accelerate its expansion into Australia. We look forward to continuing to work with Banking Circle as the parties work towards completion.”

Charlotte Henry commented, “It has been a pleasure to work closely with the Banking Circle team on their market entry into Australia.”