Cash Converters International Limited (ASX:CCV) entered into an agreement to acquire Bottomline Payment Services Limited for £13.9 million on March 6, 2023. The purchase price will be funded using the Company’s available cash reserves and will be immediately earnings accretive with the acquisition expected to complete in mid-2023. The final settlement remains subject to certain conditions typical for acquisitions of this nature, including regulatory approval by the Financial Conduct Authority in the UK. Gavin Davies and Marina Reason of Herbert Smith Freehills LLP acted as legal advisor to Cash Converters International Limited. Clarke Willmott Limited acted as legal advisor to the management team and sellers of Capital Cash. The Clarke Willmott team was led by corporate partner Richard Swain, based in the firm’s Southampton office, supported by corporate solicitor Bryony Warren and other specialist lawyers from across the firm.

Cash Converters International Limited (ASX:CCV) completed the acquisition of Capital Cash Limited on July 7, 2023.