Clifford Chance suggested a consortium of banks consisting of Santander Bank Polska and ING Bank Śląski on the financing of the takeover of Moventum – a Luxembourg-seated competitor – by ProService Finteco. Proservice Finteco is a number one Polish supplier of IT options and companies to monetary establishments, collectively owned by Oaktree and Cornerstone. Their takeover of Moventum marks the start of ProService’s growth to international markets. In December 2020 we suggested the identical lenders on the refinancing of ProService’s monetary indebtedness and financing of extra acquisitions/capex.
The Warsaw Clifford Chance staff advising on the financing included: Andrzej Stosio (Partner co-heading the Warsaw Banking & Finance Department), Irena Floras-Goode (Counsel), Nick Fletcher (Of Counsel), Aleksandra Rudzińska (Senior Associate), Natalia Karasiewicz (Associate), Aleksandra Białyszewska (Associate), Wojciech Wątor (Associate and Mateusz Ciechomski (Associate)).
The Luxembourg staff consisted of: Marc Mehlen (Partner), Udo Prinz (Counsel), Oliver Zwick (Counsel) and Boika Deleva (Senior Associate).