Linklaters has advised GoCardless on the acquisition by Mollie, building a combined company trusted by more than 350,000 businesses across 30+ markets. GoCardless will continue to operate as ‘GoCardless, a Mollie company’, reflecting the strategic importance of its brand and its Pay by Bank technology to the group.
Mollie is rooted in Europe and builds market by market, with teams on the ground in 12 cities across the EEA. GoCardless brings the group an established presence in the United States, Canada, Australia and New Zealand.
An international cross-practice Linklaters team advised GoCardless on this complex transaction. The team was led by corporate partners Fionnghuala Griggs, Fionna Ng (London), Elena Rubinov (New York) and Marleen Wessel (Amsterdam, also notary). They were supported by Ella Potesta, Lu Meng, Carolien Lode and Robert van der Meer.
Harry Eddis (London partner) advised on financial regulation, Jonny Ford (London partner) on Antitrust and Foreign Investment, Bradley Richardson (London partner) and Janet Lee (New York partner) on incentives. Rhian Parker (London partner) and Gabriel Grossman (New York partner) advised on tax aspects of the transaction.
Finn Griggs commented: “We are delighted to have supported our client GoCardless on this strategic and transformational transaction, forming a European leader in payments and financial services. This transaction reflects the continuing M&A and investment activities in the Fintech Sector.”
Linklaters is a leading advisor of innovators and investors in the fintech sector – from financial institutions and challenger banks to infrastructure providers and technology companies alike. Market-leading practitioners in the relevant jurisdictions take a unique coordinated, cross-practice, cross-jurisdictional approach to support complex fintech projects across the full fintech spectrum, with all aspects of transactional and regulatory advice.
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