Munich - Venture capital investor Finch Capital has acquired four Asian subsidiaries in Hong Kong, Malaysia, Thailand and the Philippines from the insolvent payment service provider Wirecard via the newly founded Nomu Pay Limited. The transaction is partly subject to approval by the local financial regulators and expected to close in May in Thailand, Malaysia and Hong Kong, and later this year in the Philippines. All parties involved have agreed not to disclose the details of the transaction.
An international CMS team led by Dr Michael Wangemann and Dr Jessica Mohaupt-Schneider provided comprehensive legal advice to the buyer on the transaction. In addition to negotiating the transaction documents, the advice included in particular the coordination of the legal due diligence in Hong Kong, Malaysia, Thailand and the Philippines by the CMS office in Singapore.
Finch Capital, founded in 2013, is a European and Southeast Asian FinTech investor with offices in Amsterdam, London and Jakarta. Finch Capital recently acquired Wirecard's Turkish subsidiary. Nomu Pay was founded by Finch Capital with the aim of offering unified payment services in Asia, Turkey and the Middle East.
Dr Michael Wangemann, Lead Partner, Munich
Dr Jessica Mohaupt-Schneider, Lead Counsel, Munich
Florian Kamienke, Associate, Munich, all Corporate/M&A
Rolf Leithaus, Partner, Cologne, Restructuring & Insolvency
Dr Björn Herbers, Partner, Brussels
Daphne Brunkhorst, Associate, Brussels, both Competition & EU
Toby Grainger, Partner
Sam Ng, Senior Associate
Pamela Chan, Associate
Denise Loh, Associate
Leslie Tay, Trainee
CMS Hong Kong
Jonathan Chu, Partner
Mengyi Chen, Senior Associate
Candy Tong, Senior Associate
Jack Wong, Trainee Solicitor