DLA Piper has advised Taxiaggregator and its founder on the sale of the company to Qiwi. Squire Patton Boggs reportedly advised Qiwi on the deal.
Taxiaggregator is a Russian software-as-a-service platform that provides payment solutions and data analytics tools for taxi companies and taxi drivers. Qiwi is a provider of payment and financial services in Russia and other CIS countries.
According to DLA Piper, “the transaction falls within Qiwi’s strategy to further develop its value proposition in the payment segment for self-employed persons and to create a full-cycle taxi ecosystem.”
“I’m excited to become a part of the Qiwi team and to lead the project to new heights,” founder and CEO of Taxiaggregator Alexander Merzlikin commented. “The market is far from saturation and there are plenty of opportunities to make our unique offering even better. Favorable market tailwinds, our expertise, and infrastructure allow us to set ambitious goals. It is extremely important to have such a prerequisite and the client orientation we share with Qiwi, in order to multiply the business several times.”
DLA Piper’s team included Moscow-based Partner Leo Batalov, Legal Director Andrei Sheetkin, Associate Maria Sarycheva, and Paralegal Alexandra Khvorostyanova and St. Petersburg-based Legal Director Roman Golovatsky and Associate Igor Matveyev.