DORDA has successfully supported IXOPAY, a pioneer in the FinTech industry, and its shareholders, the sibling and pioneering duo Rene and Nathalie Siegl, in the strategic merger with TokenEx, a leading cloud tokenisation provider from the US.
The DORDA team led by Jürgen Kittel (Partner, M&A) consisted of Lukas Herrmann (Partner, M&A) and Bianca Schamberger (Associate, M&A) on the M&A side. In addition, Axel Anderl (Managing Partner, IP/IT), Heinrich Kühnert (Partner, Antitrust), Bernhard Rieder (Partner, Corporate), Lisa Kulmer (Counsel, Labour Law) and Ida Woltran (Associate, IT/IP) advised on the deal. The experience of the DORDA Digital Industries Group played a key role in supporting the transaction. Jürgen Kittel not only advised on legal aspects, but also provided support in structuring and negotiating the commercial cornerstones of the deal.
Jürgen Kittel's expertise and commitment make him the ideal advisor for complex international transaction structures such as the present cross-border reverse triangular merger with a US company.
Nathalie Siegl was enthusiastic about the collaboration with Jürgen Kittel and the DORDA team: "We couldn't have wished for a better legal partner for this deal than Dorda. Jürgen, Lukas, and Bianca supported us throughout the entire process with full commitment, and we would like to take this opportunity to express our heartfelt thanks for the excellent advice, but especially for the emotional support!"
Axel Anderl, Managing Partner, Head of the DORDA Digital Industries Group and long-standing advisor to IXOPAY, is pleased to be an innovation partner to digital champions such as IXOPAY in all phases of corporate cycles. Axel Anderl emphasizes IXOPAY's innovative strength and thus underlines the strategic importance of this partnership: "We have advised IXOPAY from its beginnings in the FinTech sector during its development into an important provider in the payment industry, the associated major deals and now the merger with TokenEx, and have thus accompanied it throughout its corporate life. It is a pleasure to support and enable the development of companies from the very beginning. The merger is now the culmination of these years of close collaboration."
In addition to DORDA, IXOPAY was advised by Wilson Sonsini (Michael C. Labriola and Bradley H. Doline) on the US aspects of the transaction. M&A advisor was i5invest (Henry J, Morley).
The successful completion of the transaction once again underlines DORDA's leading position in the field of M&A, especially in the support of tech transactions by the Digital Industries Group.
About IXOPAY:
IXOPAY is a unique, highly scalable and PCI-certified payment orchestration platform for white label clients and enterprise merchants. The modern, easily expandable architecture offers intelligent routing and cascading functions as well as modern risk management, automated reconciliation and settlement functionalities and plugin-based integrations of acquirers and payment service providers.
