Further Global Acquires Payment Alliance International, GBGI Limited

March 08, 2019

Dechert advised New York-based private equity firm Further Global Capital Management (Further Global) on two recently completed acquisitions within the financial services industry – Payment Alliance International (PAI) and GBGI Limited.

Further Global completed its acquisition of US-based Payment Alliance International (PAI), the nation’s largest privately-held ATM provider with over 75,000 ATMs.

The Dechert team advising on the PAI transaction was led by corporate partners Mark Thierfelder and Jonathan Kim, and included corporate associates John Alessi, Guilherme Smolarek de Barros and Eddie Iqbal; tax partner Joshua Milgrim and associate George Davis; and employee benefits partner Eric Rubin and associate Michael Binko.

Further Global also recently completed its take private acquisition of GBGI Limited, a Guernsey domiciled AIM-listed company and the holding company for the "The Global Benefits Group," a provider of international benefits insurance globally through various subsidiary companies across 120 jurisdictions.

On the GBGI matter, the cross-border Dechert team included corporate partners Mark Thierfelder, Sean Geraghty and Jonathan Kim, and associates Mark Evans, Shannon Cleary, Tony Brown, Dan Mansfield and Heidi Fitchett; tax partner Steven Clemens and associate George Davis; and employee benefits partner Eric Rubin and associate Michael Binko.

Named one of Law360’s Practice Groups of the Year for Private Equity, Dechert is among the world’s most active law firms advising clients on significant mergers and acquisitions involving financial service companies. Chambers USA 2018 ranks Dechert among the top law firms nationwide for “Financial Services Regulation: Financial Institutions M&A.” The firm handles the full range of financial services deals, from public and private M&A transactions to minority investments in investment advisers to assistance with asset purchases that typically accompany fund reorganization transactions.

About Dechert

Dechert is a leading global law firm with 27 offices around the world. We advise on matters and transactions of the greatest complexity, bringing energy, creativity and efficient management of legal issues to deliver commercial and practical advice for clients.