A Locke Lord team led by James Channo and Nick Jennings (both of London) represented EML Payments Limited (ASX:EML) in the acquisition of Flex-e-Card Limited (FEC), a FinTech company providing gift card solutions to the shopping mall sector, for £21.6 million. The transaction was completed on 28 June 2019 and enhances EML’s gift and incentive segment with the addition of FEC’s 226 shopping malls. EML offers innovative financial technology that provides solutions for payouts, gifts, incentives and rewards and supplier payments operating across 21 countries in North America, Europe and Australia. Additional assistance was provided by Nick Dent, Kirsty Harrower and Giedre Mitkute (all of London).
Posted on July 16, 2019