Combined business will have a unique, comprehensive B2B payments solution offering
Brighton UK, 10 May 2017 – A team of corporate lawyers from Brighton law firm Dean Wilson LLP led by consultant John Nugent working with partner James Chadburn and lawyer Neel Ummat acted for the shareholders of Invapay in a deal which will significantly expand Optal’s capabilities in global corporate payments and continue Invapay’s substantial global expansion.
Founded in 2008, Invapay is an FCA regulated business which specialises in innovative procurement and electronic payment solutions. Global corporations use the Invapay platform to manage purchases from tail end and one-time-only vendors from source to settlement.
The cloud-based trading and payment platform is multi-language, multi-currency, multi-tax and VAT/Tax compliant, connecting corporate buyers and vendors worldwide. Invapay’s unique payment engines have been specifically designed to optimise liquidity and cash flow.
Sid Vasili, the founder and CEO of Invapay and his experienced team will remain with Invapay post acquisition, to continue its exciting growth.
Invapay CEO, Sid Vasili says:
“We were advised by John Nugent on the sale of our previous business in 2005, John and his team did a great job for us, when the opportunity came to sell our FCA Regulated Payments Business, John was in the front of our mind and we approached John to act for us. We recognised that the sale process would be extremely complex as the potential new owners were Australian, and regulated in the UK and HK. John and the Dean Wilson team worked tirelessly given the complexities of the Share Sale Agreement, the FCA Regulatory demands and managing the legal requirements of our European HQ and our subsidiaries in India, Singapore, Hong Kong, New Zealand, Australia, US and Canada, coupled with the Time Zone difficulties, the net result was a satisfactory conclusion for both sides with the sale completing on the 28th April 2017.
I would have no hesitation in recommending John and the Dean Wilson team if you are selling your business or need advice on any complex contractual matters.”
John Nugent of Dean Wilson LLP says:
“It’s been great working with Invapay from start-up in 2008, through its growth worldwide and its acquisition by Optal. It was a challenging, complex transaction with many Invapay subsidiaries spread around the globe to co-ordinate. We worked closely with Optal’s Australian based lawyers Herbert Smith Freehills to find solutions to numerous issues to ensure the deal went smoothly. Invapay will continue to grow strongly as part of the Optal group.”
John Nugent, Dean Wilson LLP 01273 249200
About Dean Wilson LLP
Dean Wilson LLP is a Brighton UK based commercial law firm offering services in corporate law, mergers and acquisitions, technology law, international trading contracts and property law.
For more information, visit www.deanwilson.co.uk
Invapay is a UK based payment technology company. They offer an efficient, flexible way to manage payments and working capital and are connected to over 800 banks. Invapay operates across three continents, processes all major currencies and provides a flexible payments alternative that ensures long-term buyer and supplier benefits. The cloud-based solution can be operational in 24 hours, which provides more access to credit lines at the flick of a switch. The enhanced transaction data enables efficient processing and reconciliation of payments. This enables CFOs to be confident of financial control and compliance.
For more information, visit www.invapay.com
About Optal Ltd
Optal is re-inventing how payment processes work across complex industries. By stripping payment processes of their customary inefficiency, Optal helps companies boost profitability across a growing number of sectors around the world. Optal issues MasterCard branded payment products, driving its focus on developing and bringing to market, game-changing payment solutions.
For more information about Optal, visit www.optal.com