Use of cookies by
Norton Rose Fulbright
We use cookies to deliver our online services. Details and instructions on how to disable those cookies are set out at nortonrosefulbright.com/cookies-policy. By continuing to use this website you agree to our use of our cookies unless you have disabled them.
Norton Rose Fulbright advises Helios Investment Partners on acquisition of majority stake in Egypt’s TPAY Mobile | Global law firm | Norton Rose Fulbright

Norton Rose Fulbright advises Helios Investment Partners on acquisition of majority stake in Egypt’s TPAY Mobile

September 27, 2018

Contacts

Global law firm Norton Rose Fulbright has advised leading Africa-focused private investment firm Helios Investment Partners (Helios) on its acquisition of a 76 per cent stake in TPAY Mobile FZ-LLC (TPAY) from A15, a tech investment fund based in Egypt.

TPAY is a fast growing direct carrier billing provider in the Middle East and North African region. The sellers, A15, and senior management will remain minority shareholders. Cavendish Corporate Finance advises the shareholders of TPAY.

With offices in Cairo and the UAE, TPAY currently operates across 16 countries with almost half of its total transaction volume coming from African markets such as Egypt, Tunisia, Algeria and Morocco. TPAY provides a much-needed mobile payment solution in markets with low banking penetration and high mobile adoption. TPAY gives online merchants access to an addressable market of 673 million potential users, all through a single application programming interface connection. Since its launch, TPAY has processed 622 million transactions.

The Norton Rose Fulbright team was led by partner Bayo Odubeko, who was assisted by senior associate Nariman Armaly and associate Oji Adoh.

Bayo Odubeko commented: “We are delighted to have advised on this transaction which is one of the largest to date in the direct carrier billing mobile payments sector in Africa. Payments technologies and infrastructure in the Middle East and Africa are developing rapidly. As global payment volumes continue to increase, we anticipate more M&A activity in the sector.”

Norton Rose Fulbright has extensive experience in advising clients on a wide range of legal and regulatory issues in the global mobile payments sector in both emerging and developed markets.

The firm has advised on many of the largest transactions in the African payments sector, including the acquisition of leading Egyptian mobile payment provider Fawry and the financing of Nigeria’s largest mobile payment company Paga.

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 (0)20 7444 5086; Mob: +44 (0)7909 684 893
louise.nelson@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.