Latham & Watkins Advises Interswitch on Strategic Partnership with Visa

London team acts on deal that is expected to expand the digital payments ecosystem across Africa.

November 13, 2019

Interswitch Limited (“Interswitch” or the “Company”), a leading technology-driven company focused on the digitisation of payments in Nigeria and other countries in Africa, and Visa Inc. (“Visa”), the world leader in digital payments, announced a strategic partnership that will further advance the digital payments ecosystem across Africa.

As part of the agreement, Visa will acquire a significant minority equity stake in Interswitch. The investment makes Interswitch one of the most valuable African FinTech businesses with a valuation of US$1 billion. Visa will join globally renowned investors, Helios Investment Partners, TA Associates and IFC, as shareholders in Interswitch, alongside Company management.

Latham & Watkins advised Interswitch, Helios Investment Partners and TA Associates on the transaction, with a team led by London corporate partners Kem Ihenacho and Linzi Thomas, and which included partners James Inness and Christian McDermott.

 
 
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