Deal Announcement: Corbett Keeling and Globalscope partner firm, First Athens Corporate Finance, advised Payzone Group Ltd and Coltonia Holdings Ltd

Corbett Keeling and our Greek Globalscope partner, First Athens Corporate Finance, advised Payzone Group Ltd and Coltonia Holdings Ltd on the sale of Payzone Hellas SA to OPAP Investment Ltd for a total consideration of Euros 7.75m. Payzone Group, backed by UK private equity investor Duke Street Capital, is one of the largest payment networks in Europe, providing a wide range of payment services in four European countries including the UK, Ireland, Greece and Romania. Payzone Hellas is the largest mobile phone top-up network in Greece with over 11,000 POS terminals installed processing annually some 30 million transactions. Payzone Hellas also pioneered bill payment & prepayment services for utilities and service providers in Greece and is the only independent organization in Greece other than banks to provide such services. Corbett Keeling and First Athens worked together as members of Globalscope Partners to initiate the opportunity and advised on the sale of the Greek business.