Akin Advises Helios and HFP on $297 Million Take‑Private Offer for CAB Payments

(London) – Akin advised Helios Investment Partners (“Helios”), a leading Africa-focused private equity firm headquartered in London, and Helios Fairfax Partners Corporation (“HFP”), an investment holding company listed on the Toronto Stock Exchange, on their $297 million offer to acquire CAB Payments Holdings PLC (CAB Payments), the holding company for Crown Agents Bank, a U.K.-listed foreign exchange and cross-border payments business.

Helios and HFP have offered to acquire all shares in CAB Payments that they do not already own for $1.15 in cash per share. The offer includes a limited stock alternative for shareholders who prefer to exchange their CAB Payments shares for unlisted shares in the bidding company formed by Helios and HFP, capped at 15% of CAB's total shares.

The Akin team was led by corporate partners Harry Keegan and Shaun Lascelles and included lead counsel George O'Malley-Knowles, counsels Andrew Finogin, Mazen Baddar and Bishoy Eskander and associate Gloriya Andonova.

The wider team included finance partner Amy Kennedy; antitrust & international competition partner Davina Garrod and associates Charles Tay, Isabelle Egetenmeir and Aaron Brooks; financial regulatory partner Ezra Zahabi, counsel Suley Siddiqui and associate Michael Carr; and international trade counsel Audrey Kim.

Akin is a leading international law firm with more than 1,000 lawyers in offices throughout the United States, Europe, and the Middle East.