Global Payments Inc., a global leader of payment technology systems has closed the acquisition of Yazara Payment Solutions Inc., an American company providing payment solutions, and its Turkish subsidiary SoftPos Teknoloji A.Ş. The SoftPOS solutions offered by Yazara enables smart phones and tablets to be used as POS machines without need to any additional hardware or dongle. With this acquisition, Yazara will benefit from the human resources and technical experience of Global Payments, and will be able to offer more extensive and advanced services to its customers.
Paksoy is pleased to announce that it has acted as Turkish counsel to Global Payments on this transaction alongside Wachtell, Lipton, Rosen & Katz. Paksoy team was led by partner Nihan Bacanak on the corporate/M&A side, together with senior associate Yeşeren Sözüer. A team led by partner Togan Turan handled the merger control filing in relation to the transaction, and a team led by Sansal Erbacioglu advised on the tax aspects of the transaction.
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