27 05 2016

Payleven merges with SumUp

Noerr has advised Payleven Holding GmbH on the merger of the Payleven group with the SumUp group, two of the leading mobile payment providers.


Payleven Holding GmbH develops and manufactures a device that attaches to smart phones or tablets with iOS or Android and allows credit card processing. Payleven Holding GmbH was founded in 2012 and is based in Berlin, Germany. SumUp Limited, a mobile point-of-sale company, provides terminal hardware and mobile applications for merchants to accept credit and debit card payments. The company, led by Daniel Klein and Marc-Alexander Christ, is based in Dublin. The combined company will operate under the name SumUp. The merger is intended to accelerate the international growth of both businesses. All former shareholders in SumUp and Payleven will remain shareholders in the combined holding entity. Noerr LLP has advised Payleven with a team including Felix Blobel (Picture), Thomas Schulz, Robert Korndörfer (M&A), Veronika Bartram, Angelina Dahl, Sebastian Albert Diehl, Hilmar Hamm and Ethel Nanaeva. Involved fees earner: Felix Blobel - Noerr; Thomas Schulz - Noerr; Robert Korndörfer - Noerr; Veronika Bartram - Noerr; Sebastian Diehl - Noerr; Hilmar Hamm - Noerr; Ethel Nanaeva - Noerr;

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