EVO advised by Cuatrecasas on Liberbank terminals deal

Payment service provider EVO Payments International instructed Cuatrecasas on the acquisition of Madrid-based Liberbank’s point-of-sales terminals business.

EVO also received legal advice from Alston & Bird.

The deal was valued at €8 million, according to Mergemarket.

The deal means EVO will provide payment processing services for both existing and prospective Liberbank clients. The deal is expected to be completed by the end of the first quarter of 2018.

Liberbank operates through a chain of retail offices in Asturias, Cantabria, Castile La Mancha and Extremadura.