Fenwick Represents Segovia in Acquisition of Enterprise Business by Crown Agents Bank

Fenwick & West represented Segovia Technology, Co., a U.S.-venture backed technology company focused on frontier market payments, in the acquisition of its enterprise business and payment gateway product by an affiliate of Crown Agents Bank, a U.K.-regulated wholesale provider of emerging market and G10 foreign exchange, international payments, cash management, cross-border pensions and payroll, trade finance and investment management services.

The deal will allow Crown Agents Bank to extend its payment network and FX capabilities, integrating Segovia’s mobile money solutions and modern payments infrastructure. 

The Fenwick transaction team included corporate partner Ethan Skerry, of counsel Mark Porter and associates Trevor Lynch, Kyle Canchola, Isaiah Deporto-Plick and Joanna Xu; executive compensation and employee benefits partners Scott Spector and Matthew Cantor and senior corporate attorney Nicholas Frey; intellectual property and technology transactions partner Jonathan Millard and associates Pinar Bailey, Floris de Wit, Joseph Schenck, Amy Brown, Arjun Ravi, Julia Chung and Christine Chen; and tax partners William Skinner and Adam Halpern.