GoCardless’ Acquisition of Nordigen

Sorainen advised Nordigen on the deal, while GoCardless was advised by Ellex and Fenwick.

Nordigen, a freemium open banking data provider from Latvia, in a transaction selling Nordigen’s shares to GoCardless, the global leader in direct bank payments.

GoCardless will incorporate Nordigen’s next-generation open banking connectivity – offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries – into its account-to-account network. 

The Sorainen team was led by country managing partner Eva Berlaus (Picture) and counsel Renate Purvinska, 

The Ellex team was led by Senior associate Zane Bule-Mitka, Senior partner Raimonds Slaidins, Senior Associate Anna Mišneva, Associates Eduards Dzintars, Mikijs Zimecs and Kristers Losans and Junior associate Gabriela Fomina.

The Gunderson Dettmer deal team was led by Richard Hesp and included David Horne, Kelly Flanagan, Chris Sundquist, Carson Heyer, Steve Wheeler, James Hauser, Chris Shin, Marna Pattaropong and Morgan Otway. 

Involved fees earner: Zane Bule-Mitka – Ellex; Gabriela Fomina – Ellex; Anna Misneva – Ellex; Raimonds Slaidins – Ellex; Mikijs Zimecs – Ellex; Eduards Dzintars – Ellex Klavins; Kristers Losans – Ellex Klavins; Kelly Flanagan – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; James Hauser – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Richard Hesp – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Carson Heyer – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; David Horne – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Morgan Otway – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Marna Pattaropong – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Chris Shin – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Chris Sundquist – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Stephen Wheeler – Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Eva Berlaus – Sorainen; Renate Purvinska – Sorainen;

Law Firms: Ellex; Ellex Klavins; Gunderson Dettmer Stough Villeneuve Franklin & Hachigian; Sorainen;

Clients: GoCardless Ltd. ; Nordigen;