Clifford Chance Advises FIS On €375 Million Acquisition Of Clear2pay; David Brinton To Lead Firm’s Corporate Practice In Americas

Monday, September 22, 2014 - 16:16

International law firm Clifford Chance has advised FIS on its definitive agreement to acquire Clear2Pay for approximately €375 million. The transaction is expected to close before the end of the year subject to regulatory approval.

FIS is the world’s largest provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions. The acquisition of Clear2Pay – a recognized leader and innovator in the payments technology domain – will enhance FIS's global payments capabilities and bolster the company's position in one of the fastest-growing segments within the financial services industry.

The Clifford Chance team that advised FIS was led by New York Corporate partner Gary Boss and São Paulo Capital Markets associate Alexander Drysdale, and included additional lawyers from the firm's New York, Brussels, Paris, London, Amsterdam, Beijing, Hong Kong and Sydney offices.

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Leading international law firm Clifford Chance today announced that David Brinton has been appointed Practice Area Leader of the Corporate practice in the U.S. and Americas region.  Mr. Brinton's term took effect September 1, 2014, and will run for four years.  He succeeds Craig Medwick in the role, who will retire in April 2015 after 28 years with Clifford Chance, including eight as head of the Americas region.  Mssrs. Brinton and Medwick will work closely together in the coming months to ensure a smooth leadership transition.

Mr. Brinton, who has been a partner at Clifford Chance since 1994, specializes in corporate and securities law, with a particular focus on mergers and acquisitions.