S&C Advises SoftBank Group in €900 Million Investment in WirecardMay 3, 2019
SoftBank Group Corp., a Japanese technology conglomerate, announced on April 24 that it would invest approximately €900 million ($1 billion) in Wirecard AG via a bond convertible into about 5.6 percent of Wirecard's current share capital. Wirecard is a German digital payments company that is among the world's fastest-growing digital payment platforms.
S&C corporate partners Konstantin Technau and Carsten Berrar in Frankfurt are advising SoftBank on the transaction. The investment will complement SoftBank Group's global portfolio in digital payments, data analytics and other innovative digital financial services, as well as supporting Wirecard's geographic expansion into Japan and South Korea.