Magnusson Denmark advised Market Pay on its acquistion of AltaPay

Magnusson Denmark, spearheaded by Managing Partner and Head of Corporate M&A Sam Jalaei, served as local buy-side counsel in Market Pay’s acquisition of Copenhagen-based AltaPay. Finalized in early 2025, this transaction accelerates the French fintech leader’s expansion into Scandinavia, strengthening its foothold in Europe’s payment services sector.

The Magnusson Copenhagen office provided end-to-end local legal support for Corporate M&A, Banking & Finance, Employment, Privacy, and Intellectual Property among other relevant practice areas. This included a comprehensive due diligence process with a detailed report, drafting and negotiating the SPA, R&W and other ancillary documents, FDI and antitrust analysis and clearance, and providing expert input into critical areas.

AltaPay, a standout in payment solutions, processed €3.1 billion in Danish transactions in 2023. With this deal, Market Pay (owned by Anacap PE fund) gains AltaPay’s cutting-edge tech and Nordic expertise to enhance its reach across Denmark, Sweden, Norway, and the UK.

Managing Partner Sam Jalaei, said of the deal,

“We’re proud to have guided Market Pay and its owners, Anacap PE fund, into the Nordic market. Partnering with Moncey Advocats in Paris, we leveraged our deep knowledge of the payments landscape to deliver seamless, high-value counsel—reflecting our strength in cross-border transactions.”

Market Pay President Frédéric Mazurier said of the Danish target,

“The acquisition of AltaPay represents an incredible opportunity to enhance our online payment offerings… Integrating their teams, expertise, and commercial strength is also a major asset in strengthening our presence in the region”

The Magnusson Denmark team—Sam Jalaei, Partner Tom Stener Froberg, Partner Uwe Rasmussen, Junior Associates Matthew C Thorn, Simon Fraenkel, Naja Natalie and Christian Granzow—acted in this deal. This success reinforces the firm’s growing reputation as a trusted advisor for complex, international deals.