Clifford Chance

Clifford Chance advises FIS on €375 million acquisition of Clear2Pay

International law firm Clifford Chance has advised FIS on its definitive agreement to acquire Clear2Pay for approximately €375 million. The transaction is expected to close before the end of the year subject to regulatory approval.

FIS is the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions. The acquisition of Clear2Pay — a recognized leader and innovator in the payments technology domain — will enhance FIS' global payments capabilities and bolster the company's position in one of the fastest-growing segments within the financial services industry.

The Clifford Chance team that advised FIS was led by New York Corporate partner Gary Boss and São Paulo Capital Markets associate Alexander Drysdale, and included additional lawyers from the firm's New York, Brussels, Paris, London, Amsterdam, Beijing, Hong Kong and Sydney offices.