Orrick Advises Vostok Emerging Finance on Iyzico Acquisition by PayU

June.12.2019

Orrick has advised Vostok Emerging Finance (VEF) on the sale of its holding in iyzico to PayU Global B.V., the fintech arm of Naspers Group. This is part of a broader sale agreement with iyzico's venture investors with the full purchase valuation set at $165 million, payable upon closing of the transaction. The sale remains subject to Turkish regulatory and competition authority approvals. Closing is expected to occur in the coming months.

The Orrick team included Shawn Atkinson, Harry Clark and Stephen Tallon.