International law firm Bird & Bird is advising IFX Payments on a recommended cash offer for the acquisition of AIM-listed Argentex Group plc and related bridge financing. The conditional acquisition, which was announced on 25 April 2025, is being structured as a scheme of arrangement. IFX Payments is a rapidly growing fintech company specialising in international money transfers and foreign exchange solutions. Headquartered in London, it offers services such as multi-currency virtual IBAN accounts, hedging functionality with forward contracts, and mass payment capabilities to help businesses manage their global financial operations efficiently.
Argentex Group plc is a provider of currency risk management and alternative banking solutions, catering primarily to businesses. Also headquartered in London, it offers innovative financial services designed to help clients manage foreign exchange risks effectively.
The Bird & Bird team was led by Simon Fielder (Partner, Corporate) and Edward Reardon (Senior Associate, Corporate) supported by Zoe Bannell-Symes (Associate, Corporate). Specialist support was provided by Gavin Punia (Partner, Finance & Financial Regulation), Trystan Tether (Partner, Finance & Financial Regulation), Samrad Nazer (Partner, Finance & Financial Regulation), Dan Campbell (Associate, Finance & Financial Regulation), Sarah Ferguson (Partner, Employee Incentives and Benefits), and Nick Kosloff (Associate, Employee Incentives and Benefits).
Simon Fielder, lead partner on the transaction, commented: “We are very happy to have advised our longstanding client, IFX Payments, on this deal. This type of transaction exemplifies our strong expertise in the FinTech sector. Our team’s broad understanding of the complexities involved in such transactions have been hugely beneficial for the success of the transaction.”
This transaction builds upon a series of impressive recent capital market matters handled by Bird & Bird’s London corporate team. These include advising De La Rue on their recent takeover by Atlas Holdings and securing five listing mandates since the start of 2024, four of which were IPO mandates.
