SALVUS facilitates successful acquisition and CBC approval for EMI
We are delighted to announce that SALVUS Funds, renowned for its expertise in investment, payment, and crypto-asset regulatory compliance, celebrates yet another success for our clients, through our Mergers & Acquisition department. Our M&A team has had a pivotal role in a recent successful approval by the Central Bank of Cyprus (CBC) in regard to the acquisition and change of ownership of an Electronic Money Institution (EMI) in Cyprus.
As specialists in connecting buyers and sellers in regulated services, we have led the way in negotiating deal terms, overseeing meticulous due diligence, and expertly structuring agreements, including the letter of intent (LOI) and the shares purchase agreement (SPA). The successful conclusion of this acquisition marks another significant milestone for our firm, given how sensitive and challenging such an acquisition can be. We further see this development as a reaffirmation of our commitment to delivering exceptional services to our clients.
The culmination of this acquisition endeavour was further underscored by the change of ownership approval received from the Central Bank of Cyprus, the national competent regulatory authority overseeing the payment services sector in Cyprus. This regulatory approval stands as a testament to SALVUS’ dedication to compliance and our ability to navigate the intricate regulatory landscape with precise effectiveness.
While we respect the confidentiality and privacy of all parties involved, we extend our heartfelt appreciation to both the acquirer’s and the seller’s internal and external teams. Their collaborative efforts and work with our M&A team have been instrumental in achieving this outcome.
“We take immense pride in our role as specialists, connecting acquirers and sellers in regulated sectors, and meticulously managing all details towards successful acquisitions. This accomplishment showcases SALVUS’ proficiency in orchestrating complex transactions and our unwavering commitment to the highest standards of professionalism,” said Nikolas Xenofontos, Managing Director at SALVUS Funds.
As we celebrate this success, we remain steadfast in our dedication to providing specialised professional services for businesses offering regulated investment, payment, and crypto-asset services. We eagerly anticipate further opportunities to assist companies in regulated sectors with their acquisition, sale, and other regulatory compliance needs.
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SALVUS Funds offers comprehensive solutions to companies operating in regulated services industries. With a focus on investment, payment, and crypto-asset services, our expert team facilitates successful transactions while ensuring compliance with all pertinent regulatory requirements. Contact us at email@example.com if you are interested in discussing an acquisition or sale of a regulated entity; we look forward to being of value.