The Hong Kong, Paris and Shanghai offices of Debevoise & Plimpton are advising Ingenico Group on its strategic partnership with Fosun International Limited and its affiliates to extend its development strategy in China. Under the terms of the deal, the partnership will take the form of an investment by a fund managed by Fosun into Ingenico Group’s Hong Kong-based holding resulting in a 20% minority stake in Ingenico Group’s Chinese activities. Through this partnership, both companies will combine Ingenico Group’s technologies and know-how in payment with Fosun’s extensive foothold and investment capacity to further expand their position in the fast-growing Chinese payment ecosystem.
Ingenico Group is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, Ingenico delivers secure payment solutions with a local, national and international scope. Ingenico is a trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. Its solutions enable merchants to simplify payment and deliver their brand promise.
The Debevoise team advising Ingenico is led by partner Drew Dutton and includes international counsel Philippe Tengelmann in Paris and associates Edwin Northover, Allison Lee, Mai Shapiro and Jayne So in Hong Kong and Fengjian Ao in Shanghai.
Debevoise & Plimpton LLP is a premier law firm with market-leading practices, a global perspective and strong New York roots. The firm’s commercially savvy lawyers regularly lead strategic transactions and complex disputes for world-class clients.