Travers Smith LLP has advised long standing client TA Associates (“TA”), a leading global growth private equity firm, on the acquisition of a 33% stake in W.A.G. Payment Solutions AS (“WAG”), the Czech Republic based operator of payment solutions for passenger and freight carriers.
WAG is the operator of the Eurowag fleet card, which allows professional transport companies and hauliers to make cash-free payments for fuel, toll and other related services, and Tank&Go, a project to build and operate a chain of express, unmanned filling stations for cars.
The Travers Smith team was led by head of private equity Paul Dolman who was assisted by corporate senior associate Emma Havas and associate David Wall. The team also included tax partner Kathleen Russ and tax associate Joseph Sheldrick.
Czech legal advice was provided to TA by Michal Kniz and Jan Juroska of Kinstellar.
The shareholders of WAG were advised by Alex Cook and Michal Jasek of Clifford Chance.