DLA Piper has advised Fiserv, a leading global provider of payments and financial technology solutions, on the successful acquisition of 49.9% of Allied Irish Banks Merchant Services (AIBMS), one of Ireland’s largest payment solutions providers. The acquisition will allow Fiserv to drive continued growth in Ireland and across the wider European market.
Fiserv is a global leader in payments and financial technology, helping clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and point-of-sale systems and business management platforms.
A cross-border and multidisciplinary team from DLA Piper’s Ireland and UK offices worked on the transaction. The team comprised of partners David Carthy and Éanna Mellett (both Corporate) Darach Connolly, Alexandra Kamerling, and Tony Katz , and Chris Jessup (all Lit&Reg).