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Kochhar & Co. Advises Finicity, on its Acquisition by MasterCard in a USD 825 million all cash deal.

Nov 2020: MasterCard has acquired the leading American Fintech company - Finicity Technologies along with its two wholly owned subsidiaries in India and Australia. Working closely with the international law firm - Cooley LLP, the Kochhar team comprising its Mumbai Resident Head & Senior Partner Rajarshi Chakraborty, Partner Sameena Jahangir, Senior Associate Tavishi Chandra and Associate Sneha Bhagwat advised Finicity on the Indian leg of the global transaction and assisted in all pre-closing, closing and post-closing formalities.

Under the terms of the agreement, Mastercard acquired Finicity for US$ 825 mn upfront, with the potential of US$ 160 mn in additional earn-out payments contingent on meeting performance targets.

 
 

 
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