Stevens & Bolton LLP has advised Monitise plc, the global Mobile Money technology provider, on two key acquisitions which will enhance Monitise’s international mobile commerce network.
The first transaction saw the acquisition of Markco Media for up to £55m. As part of this transaction Monitise also acquired the MyVoucherCodes.co.uk and Last Second Tickets brands.
In the second transaction Monitise acquired full ownership of PR AGIT Monitise Indonesia, its joint venture with PT Astra Graphia Information Technology. This partnership was entered into in July 2011 to develop new mobile services for financial institutions and mobile network operators, targeted at both banked and unbanked consumers in Indonesia. The acquisition of PR AGIT Monitise Indonesia follows Monitise taking full ownership of its Asia Pacific joint venture in October 2013 (on which Stevens & Bolton also acted).
Monitise’s Deputy CEO & Chief Commercial Officer Lee Cameron commented: “Once again, I am delighted that we had the services of James Waddell and his team at Stevens & Bolton to assist us with these transactions. The excellent legal service and practical advice coupled with a super-human level of effort to ‘get the deal done’ continues to strengthen the deep trust and confidence we have in them to deliver outstanding results time and again. They are a natural extension of our in-house legal and corporate development capability and a highly valued partner.”
The Stevens & Bolton team was led by corporate partner James Waddell, supported by Lucy Handford and Janine Esbrand (corporate), Kate Schmit (corporate tax), Jonathan Foulds (property) and Lloyd Davey and Michelle Hobbs (employment).