Stratulat Albulescu Attorneys at Law along with with a team of lawyers from Fieldfisher in Düsseldorf and London advised the German Group Wirecard on the acquisition of Romania’s leading payment processor and technology service provider, Provus, from the Polish private equity investor Innova Capital. The acquisition was completed on February 2016 and also involved the acquisition of Romcard and Supercard Solutions & Services, the two Romanian subsidiaries of Provus.
Provus customer base includes major Romanian banks in addition to significant telecommunications and retail players. In addition, it has worked with the Romanian government in the digitization of health and payment cardsA cash purchase price of EUR 32mil has been agreed.
