CMS advises Access Bank on strategic acquisition of Zempler Bank
CMS has advised The Access Bank UK Ltd (Access Bank) on its strategic acquisition of Zempler Bank, a fully regulated UK bank that operates a technology-driven, fintech platform targeting microbusinesses, entrepreneurs and consumers.
This deal adds to Access Bank’s UK presence, with the bank already being an international player across Europe, Africa and Asia.
In addition to M&A advice, CMS provided comprehensive support on the transaction including regulatory, regulatory capital, tax and employee incentives advice. The transaction has received all necessary regulatory approvals.
Commenting on the transaction, CMS Corporate Partner Rizwan Rahman said: “We’re delighted to have advised Access Bank on this strategically significant acquisition. This deal reflects the continued appetite for banking M&A in Europe, and showcases the strength of our integrated financial services offering with colleagues across the firm offering a full service to deliver a successful outcome for our client.”
The CMS team was led by Rizwan Rahman and included Jas Randhawa, Lily Palmer and Greg Moreton-Smith (Corporate); James Dickie and Lal Ayral (Financial Services Regulatory); Cathy Wears and Annette Beresford (Incentives); and Jason Todd (Tax).
