Corbett Keeling

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.

Testimonials

"We were delighted to be introduced to Duke Street, owners of Payzone Group, by our UK partners Corbett Keeling and were ideally placed to advise on the sale of their Greek subsidiary to OPAP. This transaction demonstrates how the Globalscope Partners work together to provide their clients with the best possible corporate finance advice on a worldwide basis."

Takis Solomos, Founding Partner, First Athens