Law firm Stephenson Harwood LLP has advised Augmentum Fintech Plc on its £185.7 million takeover by Frontier BidCo Limited, an acquisition vehicle controlled by Verdane Fund Manager AB.
Augmentum is a London-listed investment company that invests in European financial technology businesses, including Tide, Zopa and Iwoca. It was the UK’s first publicly listed investment company focusing exclusively on the fintech sector.
The firm has advised Augmentum over its full lifecycle as a company, from its IPO in March 2018 to a series of successful fundraises, management reorganisations, various acquisitions and other listing, regulatory, and employment matters.
The Stephenson Harwood team was led by Partner Nick Horton and Associate Tom O’Connor, supported by Associates Emily De Salis, Arthur Crawford, and Seline Velioglu. Further support was provided by Tax Partner John Meehan, Regulatory Partner William Robertson and Associate Poppie Bouch, and Employment Partner Richard Freedman and Associate Lauren Palmer.