Eversheds Sutherland advises Zopa Group on DivideBuy acquisition

Eversheds Sutherland has advised Zopa Group, the owner of Zopa Bank, on its exciting acquisition of buy-now-pay-later firm DivideBuy.

The deal marks Zopa Group’s first acquisition, following a funding round in January of this year.

Eversheds Sutherland’s work on this deal was led by its financial services M&A team members, partner Paul Pugh and Legal Director Ankit Chhabra who were assisted by Senior Associate Lydia Thimon and Associate Kwadwo Owusu. Partners Naomi Seward (Consumer Finance) and Rachel Cooper (Commercial) also led on key workstreams.

The wider Eversheds team comprised a cross practice group involving members of the firm’s commercial, financial services, employment and pensions, corporate tax and real estate groups.

Ankit Chhabra, legal director at Eversheds Sutherland, commented:

“We are very glad to have worked with the talented team at Zopa Group on this exciting strategic transaction and contribute to their growth plans. This latest transaction further adds to the team’s success and experience of working for high-value fintech’s in complex M&A transactions.”

The transaction, which will complete in the next few months, is expected to increase Zopa’s revenue by at least 20% in the next few years.