A Goodwin cross-border team represented TechProcess’ shareholders in the company’s announced agreement to be acquired by the Ingenico Group. Financial terms were not disclosed. The transaction is expected to close during the first quarter of 2017.
Founded in 2000, TechProcess is a leading online and mobile payment services provider headquartered in Mumbai with approximately 600 employees across 40 locations in India. The company has developed best-in-class offerings in several markets where it built leading positions, especially in online payments gateway, NACH, bill payments and mobile payments.
For additional details on the transaction, please read the press release.