Latham & Watkins advises Carrefour in the sale of a majority stake in its fintech Market Pay to AnaCap

Carrefour has announced it is entering into exclusive negotiations for the disposal of a 60% stake in its payments platform Market Pay to AnaCap Financial Partners, a specialist investor in European financial services. This transaction values Market Pay at an enterprise value of c. 300 million euros.

Latham advised Carrefour in this transaction with a team led by corporate partner Pierre-Louis Clero, with partners Patrick Laporte, Jean-Luc Juhan and associates Sharon Mitz and Ornella Capillon on the corporate, carve-out and Carrefour/Market Pay commercial partnership aspects; partner Xavier Renard and Alexis Caminel on the tax aspects; partner Jacques-Philippe Gunther and associates Mathilde Ayel and Wenceslas Chelini on the antitrust aspects; partner Lionel Dechmann, and associate Aurélie Buchinet on the finance aspects; partner Myria Saarinen and Charlotte Guerin on the data privacy aspects; and partner Matthias Rubner and associate Celia Gallo on the employment law aspects.