P+P advises Florian Swoboda on sale of shares in Cash Payment Solutions
Swoboda Beteiligungen UG and its founder Florian Swoboda and additional investors such as Carsten Maschmeyer's ALSTIN Group, REWE Digital GmbH, BTH Invest and a group of business angels have sold their shares in Cash Payment Solutions GmbH (CPS) to GLORY Ltd. The conclusion of the transaction is currently still subject to approval by the responsible regulatory authorities.
In 2011, CPS was founded in Berlin by Achim Bönsch, Sebastian Seifert and Florian Swoboda. The company develops and markets the online cash settlement platforms "Barzahlen" and "Viacash" and is now Germany's largest private payment infrastructure with retail partners such as REWE, dm, real and Rossmann, as well as customers from the online retail market, gaming, energy supply and banking sectors. CPS also operates Barzahlen in Austria and Switzerland.
GLORY, headquartered in Himeji, Japan, is a pioneer in the development and manufacturing of machines and systems for processing cash. The company was founded in 1918 and is listed on the stock exchange in Tokyo. The company uses the latest recognition and mechatronics technology to offer a variety of products such as, for example, cash processing machines, cash management systems, vending machines and automated service equipment. GLORY serves the retail, vending machine, entertainment and gambling industries in more than 100 countries.
P+P Pöllath + Partners advised Florian Swoboda and his venture capital company with the following team:
- Christian Tönies (partner, lead, private equity, venture capital, Munich/Berlin)
- Markus Döllner (associate, private equity, venture capital, Munich)
Additional advisors for:
Cash Payment Solutions: Vogel Heerma Waitz (Berlin): Olga Balandina-Luke, Clemens Waitz, Associate: Johannes Niesemeyer (all corporate/M&A), Anne Lessner (IP)
Founders: Lambsdorff (Berlin): Pablo Rüdiger S. de Erice, Konstantin Graf Lambsdorff, Associates: Louis Meyer, Joel Schroeder (all corporate/M&A), Bardia Kian (IP)
ALSTIN: In-house counsel (Munich/Hannover): Klaus Schieble (managing director)
REWE Digital GmbH: In-house counsel (Cologne): Björn Schigulski (legal counsel M&A and financing)
Business angels: Schnittker Möllmann Partners (Berlin): Benjamin Ullrich, Frederik Gärtner (both corporate/M&A)