Ropes & Gray worked alongside Noerr LLP on the sale of North Lane Technologies, formerly Wirecard North America Inc., to Syncapay, Inc., a holding company for payment technology and solutions companies, including daVinci Payments. As part of the transaction, funds advised by Centerbridge Partners, L.P. are acquiring a majority stake in Syncapay, and daVinci Payments will combine with North Lane Technologies to establish a high-growth, premier payment company with innovative technology and solutions. Terms of the transaction, which was announced on October 22, were not disclosed. The press release is available here.
North Lane Technologies, Inc., headquartered in Pennsylvania, is a payments technology leader, managing customer, employee and corporate payouts and disbursements across the Fortune 500. daVinci Payments, based in Illinois, delivers corporate funded payments for businesses, their customers, employees, contractors, and others.
The Ropes & Gray team that represented Wirecard was led by private equity partner Bob Rivollier (New York) and included tax partner Benjamin Rogers (San Francisco), IP transactions partners Edward Black (Boston), business restructuring partners Gregg Galardi and Matthew Roose (New York), litigation & enforcement partner Chong Park (Washington D.C.), and employment, executive compensation & benefits partner Matthew Jones (Chicago).
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