14 August 2020
Redcliffe Partners acted as Ukrainian counsel to leading financial technology company YayPay, which specialises in accounts receivable automation solutions, in connection with the acquisition by Quadient, a leading manufacturer of mailing equipment and provider of mailing-related services, for a majority stake in YayPay Inc. Redcliffe Partners also advised on tax-related and competition law matters.
The purchase price, excluding transaction-related costs, amounts to more than €17 million.
"It has been a pleasure to help the YayPay team with this strategic step forward and we wish YayPay continued growth as part of the Quadient group. This mandate is another one in a series of sell-side mandates where we are proud to be helping founders of Ukrainian IT business attract investments", said Zoryana Sozanska-Matviychuk, partner and head of the M&A practice at Redcliffe Partners.
Our role included providing support with the structuring of the transaction, reviewing transaction documents and advising on a number of related tax matters.
Redcliffe Partners’ team was led by Zoryana Sozanska-Matviychuk, partner, with the helpful and timely support of Anastasia Usova, partner, Oleksandr Markov, counsel, Maria Koval, counsel, Tetyana Smurova, associate, Kateryna Kuzmenko, tax consultant and Bogdan Nykytiuk, junior associate.
YayPay by Quadient is a predictive AR automation solution that leverages data and automatic payment communications to accelerate collections. Integrated with multiple accounting, ERP, billing and CRM applications, YayPay is designed to build a streamlined collections process to help organisations better predict AR invoice payment, manage customer relationships and increase revenue. In July 2020, YayPay joined Quadient, the driving force behind the world’s most meaningful customer experiences. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC® Mid & Small and EnterNext® Tech 40 indices.
For information on YayPay, visit yaypay.com.