Brett Carr

Brett’s representative experience includes advising:

Payments

• Payments firms on governance, regulatory capital, safeguarding, and other conduct obligations
• A range of market participants on partnerships, program management, and white-label arrangements
• A central bank on formulating a new regulatory regime for payment systems, payment services, and fintech
• A global card network on establishing a new collateral structure and related scheme rule changes
• A global card network on rolling out a worldwide payments product, including assessing scheme rule changes resulting from varied national requirements
• New market entrants and major financial institutions on implementing the revised Payment Services Directive (PSD2)
• A national banking corporation on developing a new national payment scheme
• Goldman Sachs on building its transaction banking platform
• Multiple BigTechs on launching new payments propositions across multiple jurisdictions
• Numerous firms on applying for authorization as banks, electronic money institutions, and payment institutions across the UK and EU, and registrations as AISPs and registrations under the money laundering regulations as Annex I firms and cryptoasset service providers
• Multiple providers on new payment services products from concept through to launch, such as virtual wallets, travel money cards, credit cards, pre-paid and store cards, and a range of merchant acquiring, payout and remittance propositions A global wholesale bank on its Brexit contingency planning and implementation for its global transaction services business
• A global wholesale bank on its roll-out of new corporate cash management products across strategically important corporate banking geographies in Europe and Asia-Pacific

Digital Assets

• Multiple cryptoasset service providers and payment service providers on structuring and launching new stablecoin products across multiple jurisdictions
• Multiple cryptoasset service providers on obtaining registration with the FCA
• Plum Fintech on a Series A+ financing

Private Capital

• Caisse de Depot et Placement du Quebec (CDPQ) on its £1.65 billion acquisition, along with Generation Investment Management, of General Atlantic and H.I.G. Capital’s investment in FNZ, a UK-based investment platform technology provider
• Permira on multiple investments in GoCardless
• Ontario Teachers’ Pension Plan (OTTP) on its growth financing of Lendable
• Madison Dearborn on its take-private of Moneygram
• Sequoia on:
  • Remix Software’s Series B financing
  • Phantom Technologies’ Series C financing
• Silver Lake on investing in Klarna
• Summit Partners on acquiring a minority stake in Snap
• Notion Capital on a Series Seed financing
• Blue Owl on a term loan facility for CloudPay
• United Ventures on a seed financing
• GetYourGuide on a Series E preferred stock financing
• The Binding Site Group on a term loan and revolving credit facility

Mergers and Acquisitions

• Doordash on acquiring Deliveroo
• Miniclip on acquiring Easybrain
• Nippon Life on acquiring a 20% stake in Corebridge Financial
• Sedgwick on a strategic investment from Atlas Partners
• GetYourGuide on:
  • Investment from a consortium led by SoftBank
  • Investment from a consortium led by Searchlight Capital
• Shift4 Payments on acquiring an Israel-based software financial technology company
• Credit Suisse on selling Credit Suisse InvestLab to Allfunds
• Square on acquiring Spanish payment institution Verse
• Helios on acquiring Crown Agents Bank
• FIS, on its US$24.2 billion sale of Worldpay with GTCR to Global Payments and concurrent US$13.5 billion acquisition of Global Payments’ Issuers Solutions business
• FIS and Worldpay on the regulatory aspects of GTCR’s acquisition of a majority stake in Worldpay, a leading global provider of payment processing solutions, from FIS
• Worldpay on its acquisition of Ravelin Technology
• Total System Services (TSYS) in connection with their merger with Global Payments 

Capital Markets

• Goldman Sachs as underwriters on Klarna’s IPO
• J.P. Morgan as underwriter on Coinbase’s convertible notes offering

Restructuring

• Aave Holdings on international corporate restructuring and regulatory matters

Brett’s representative client list includes:

• Airwallex
• BigCommerce
• Boku
• Brex
• Cellpoint
• Column
• Checkout
• Ebury
• eToro
• Etsy
• Ether.fi
• Euler
• Expedia
• Farfetch
• Fireblocks
• FIS
• Float
• Goldman Sachs
• Lightspark
• Moonpay
• Monavate
• Moneycorp
• Monzo
• MUFG
• Natixis
• OKX
• Paddle
• PagSeguro
• Payoneer
• PayPal
• Plum Finance
• PSI-Pay
• Remitly
• Ramp
• Remote Technology
• Revolut
• Tangem
• Transcard
• Volt
• Worldpay
• Zilch