Fried Frank advised ICP Group in connection with its acquisition of electronic payment transactions company, M&M Werbeagentur GmbH. ICP Group is also a provider in electronic transaction solutions and the combined operations reinforce its offering within the payment products and solutions space. ICP Group was acquired by private equity investors in 2017, and Fried Frank was also counsel on this transaction.
The ICP Group and M&M-Werbeagentur GmbH carry out business operations comprising prepaid card and mobile phone transaction services, processing transactions with a volume of more than €1 billion per year. Both companies are European market leaders for innovative, electronic transaction, and distribution services.
The Fried Frank team was led by corporate partner Dr. Christian Kleeberg and included antitrust and competition partner Tobias Caspary, German tax partner Katrin Gänsler, corporate special counsel Thorsten H. Stuecklin, corporate associates Dr. Peter Breschendorf and Dr. Jan Thomas Petersen, and antitrust and competition associates Neda Moussavi and Max Küttner (all Frankfurt/London).