Sentenial Limited announced its sale to EML Payments Limited, a payments technology platform. The deal which is subject to mandatory regulatory approvals has a transaction enterprise value of approximately €110m including earn-out proceeds.
Sentenial and its open banking brand Nuapay is a cloud-native, API-first, full-stack enterprise-grade payments company, processing €45 billion per annum and is dually regulated in the United Kingdom and France. Post-acquisition, EML will be one of the largest independent fintech enablers in open banking and prepaid anywhere in the world.
The team was led by Carl Bradshaw (Picture) with assistance from Anna Yeomans, Sam Bateman, Laura Antuna-Ortega, James Taylor, Glynn Barwick, Xavier Couderc-Fani, Rob Young, and Amy Francis.
Involved fees earner: Glynn Barwick – Goodwin Procter; Sam Bateman – Goodwin Procter; Carl Bradshaw – Goodwin Procter; Xavier Couderc-Fani – Goodwin Procter; Amy Francis – Goodwin Procter; James Taylor – Goodwin Procter; Anna Yeomans – Goodwin Procter; Robert Young – Goodwin Procter;
Law Firms: Goodwin Procter;
Clients: Sentenial Limited;