Osborne Clarke has advised VAK Holding B.V. on the acquisition of Startselect, a European digital gifts and playing cards company to Recharge, a leading player in the prepaid payments industry. With the acquisition, Recharge begins consolidation of the prepaid payments market and it expects to make more acquisitions in the coming period.
Recharge is a market leader in online prepaid payments. The company offers more than 16,000 digital vouchers and prepaid solutions, including gift cards, gaming cards, prepaid cash cards and cell phone top-ups. The company operates in more than 180 markets worldwide.
The acquired company Startselect has a long track record of providing a high-quality digital marketplace for gamers with a wide range of gaming products. The acquisition of Startselect strengthens Recharge's diversified prepaid product offering and now adds Startselect's strong position in the gaming card market.
Osborne Clarke's team that advised on the matter was led by Partner Geoffrey Beurskens and consisted of Wouter Kok, Levi Schutz, Job van der Pol, Sjoerd Waagmeester, Jim Margry, Coen Barneveld Binkhuysen, Axel van der Staak, Marlinde Klein Ganseij and Luuk Molendijk.
Osborne Clarke’s corporate team is considered a go-to practice for many companies in the technology sector, working with global businesses to fast-growth market challengers.
The team advises at every stage of company development across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.