Gowling WLG's Dubai corporate team has advised the international payment solutions provider Network International LLC ("Network") on the disposal of its 50% stake in cash management firm Transguard Cash LLC to Transguard Group for c. USD 74,000,000.

The team, led by Suhail Mirza and supported by Simon Elliott, worked closely with Network's team, including Neil Pizey (Head of Corporate Development) and Vibhor Verma (Vice President Legal & Company Secretary).

Suhail commented: "we are delighted to have assisted Network with this strategic exit from the cash management and handling business. We look forward to continuing to work with the Network team as it focusses on its core digital payments business. This transaction further evidences Gowling WLG's capabilities in the tech sector".

Our Dubai corporate team has a growing reputation in the tech sector. It is notably supported by a market leading fintech and IP practice both ranked in leading legal directories including Chambers and Partners and Legal 500. The teams were recently awarded 'Prosecution Team of The Year' at the MIP EMEA Awards 2021 and 'TMT Team of the Year' in The Oath Middle East Legal awards 2019.