Lovells advises VocaLink on £60m shareholder investment

Lovells has advised European payment specialist VocaLink on an investment of £60 million in equity capital from its shareholders.

 
VocaLink is a specialist provider of transaction services to banks, their corporate customers and Government departments. It is a central provider of services for the UK's Bacs, Faster Payments and LINK transactions.  The new funding will support the company's expansion in Europe. 
 
VocaLink is a longstanding client of the firm who we have had the privilege of advising for many years on many of its projects. 

The Lovells team advising was led by private equity partner Tom Whelan assisted by of counsel Keith Woodhouse and associate Francesca Hazlett.  

Tom Whelan, said:      

"We were delighted to represent VocaLink on this important fundraising which will enable the business to improve its payment processing activities throughout the UK and Europe.  This deal will also enable VocaLink to strengthen its support for all of its client banks in their payment clearing activities during these tough economic times."

About Lovells  

With over 3,000 people operating from 27 offices in Asia, Europe and the United States, Lovells is one of the world's leading international law firms. We advise many of the world's largest corporations, financial institutions and governmental organisations.  We regularly act on complex, multi jurisdictional transactions as well as some of the most high profile commercial disputes.  Lovells (the "firm") is an international legal practice comprising Lovells LLP and its affiliated businesses.  Lovells LLP is a limited liability partnership registered in England and Wales with registered number OC323639.  Registered office and principal place of business: Atlantic House, Holborn Viaduct, London EC1A 2FG.  

The word "partner" is used to refer to a member of Lovells LLP, or an employee or consultant with equivalent standing and qualifications, and to a partner, member, employee or consultant in any of its affiliated businesses who has equivalent standing.  

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