News – Venture Capital & Private Equity practice
10 June 2015
Cresco assisted PlayPass, a global player in cashless payments and access control systems, in the negotiation, structuring and closing of its EUR 2,000,000 strategic investment round led by Swiss buy-and-build corporate Sandpiper Digital Payments.
Belgium-based PlayPass currently offers its solutions (focused on access control, digital payment, and real-time reporting on consumer behavior and interests) in the international festival and events sector. More information concerning PlayPass can be found here.
Sandpiper's investment will enable PlayPass to strengthen its focus on the global roll-out of its technology and services. The capital increase will further help PlayPass to accelerate the development of additional solutions in order to maximize visitors' user experience on festivals. More information on the transaction can be found in here and here.
Pieter Capiau and Wim Van Berendoncks constituted the deal team for this transaction. Cresco acts as key counsel and strategic guide to PlayPass and provides legal support with respect to i.a., the creation, acquisition, use and commercial exploitation of its technology.
For any further information or questions, please contact Pieter Capiau.