Baltic Partners advised Globitex Holding AS on acquisition of significant stake in UAB Nexpay from minority shareholders

January 2024Globitex Holding AS, a holding company of UAB Nexpay – leading Lithuanian EMI finalized acquisition of significant stake from minority shareholders. The transaction signed in January 2023 included acquisition of shares from minority shareholders and afterwards refinancing of existing obligations, creating an opportunity for internationalizing the shareholders base and unlocking possibility for future fundraising.

UAB Nexpay  founded in 2017 is one of the leading European B2B providers of payment infrastructure for crypto-enabled digital businesses. Nexpay is also one of the leading Lithuanian EMI. Since inception Nexpay transacted close to EUR 10bn in volume and currently provides businesses possibility to conduct SEPA and SWIFT multi-currency payments. The Nexpay platform additionally operates Nexdesk, a B2B automated digital asset OTC trading desk with deep liquidity pools, top cryptocurrencies. Nexpay is looking to become a top-tier neo bank with a footprint in the Baltics, Switzerland and Western Europe.

Baltic Partners assisted Globitex Holding AS at all stages of the transaction, including identifying international investors, facilitating negotiations among the shareholders, transaction structuring, transaction documentation, executing signing and closing procedures. The transaction was led by Valeri Kulitski, managing partner of Baltic Partners. Legal advice was provided by Drill (Latvia).

Baltic Partners is independent regional financial advisory firm based in Riga (Latvia), focused on advising on private equity and cross-border M&A transactions. Baltic Partners is serving the clients in the Baltics and CEE region, including Ukraine.