Norwegian investors acquire FCA regulated Fintech

Herrington Carmichael’s corporate team led by Head of Corporate, Yavan Brar, has advised Norwegian investor, Buyline Holding AS, on its acquisition of the entire issued share capital of the point of sale finance provider and FCA-regulated UK entity, Buyline Ltd.

Established in 2018, Buyline provides Fintech funding and payment solutions to enable individuals and businesses to acquire the goods and/or services they require and to pay for them over time, it is also a point of sale finance provider, partnering with businesses and end-consumers in sectors ranging from dentistry to professional advisory services.

Herrington Carmichael assisted in an overhaul of Buyline Ltd’s management team, in anticipation of its acquisition, we further assisted with Norwegian council on the consolidation of Buyline Holding AS’ multi-million investment in the business to date, and dealing with regulatory approvals associated with a business authorised by the FCA. Since the acquisition completion, business activity and pipeline has increased significantly as the company seeks to scale up its UK operations.

Herrington Carmichael’s Yavan Brar was supported by Chris Gemson in an eighteen month process. Mark Chapman, head of the firm’s regulatory team, worked on the FCA change of control application and secured approval from the FCA in 7 weeks, which far outperformed the FCA’s published timeframe of 6 months.

Herrington Carmichael looks forward to working with the new management team as it embarks on its new growth journey.

We have worked extensively with Yavan and Chris for almost two years and we view them not only to provide pragmatic legal advice, but advice in a strategic and commercial manner which we value enormously. Yavan and Chris have worked tirelessly and relentlessly in providing for a new start for the business, as we look to make Buyline Ltd the leading point of sale bespoke finance provider in the UK.

Thomas Holter, Buyline Holding AS

Yavan Brar
Managing Partner, Head of Corporate
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This reflects the law and market position at the date of publication and is written as a general guide. It does not contain definitive legal advice, which should be sought in relation to a specific matter.

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