Davis Polk Advises Nets A/S on U.S. Aspects of Its Takeover Offer from Hellman & Friedman
Davis Polk is advising Nets A/S on certain U.S. aspects of an approximate $5.3 billion takeover offer from Hellman & Friedman. The offer represents a 27% premium to the Nets’ share price on June 30, 2017, the day before Nets confirmed it had received takeover approaches.
Nets is a provider of digital payment services and related technology solutions across the Nordic region. Nets operates a deeply entrenched network which connects merchants, corporate customers, financial institutions and consumers, enabling them to make and receive payments as well as, increasingly, utilize value-added services to help them improve their respective activities. Hellman & Friedman is a private equity investment firm with offices in San Francisco, New York and London.
The Davis Polk corporate team includes partner Reuven B. Young and counsel Connie I. Milonakis. All members of the Davis Polk team are based in London office.