Binder Grösswang advised Paysafe Group in connection with the sale of Austrian-based payolution GmbH (known as Paysafe: Pay Later), one of the leading providers of white-label invoice and instalment payment solutions for online merchants and retailers, to the heidelpay group. The parties have agreed not to disclose the financial terms of the transaction. Closing of the deal is expected to take place in the third quarter 2020, subject to customary conditions.

Binder Grösswang’s core team for this transaction was led by partner Markus Uitz and Artan Duraku (Associate, Corporate/M&A).
Also involved in the transaction were Christian Wimpissinger (Partner, Tax), Horst Lukanec (Partner, Employment), Stephan Heckenthaler (Partner, Financial Services Regulatory) and Manuel Müllner (Attorney, Employment).