Hengeler Mueller advises Lightyear Capital on acquisition of PayByPhone
Lightyear Capital, a New York-based private equity firm with over US$7 billion in assets under management, has signed an agreement to acquire PayByPhone from Corpay together with a team from Hengeler Mueller led by Tobias Schneiders and Thomas Meurer (BOTH PICTURED, LEFT AND RIGHT).
PayByPhone is a provider of digital parking payment solutions and parking management software to more than 1,300 clients globally.
The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals.
Hengeler Mueller advised Lightyear Capital on German aspects of the transaction, together with best friends law firm Bredin Prat (France) and lead counsel Davis Polk (United States).
The Hengeler Mueller team for Lightyear Capital was composed of:
- M&A: Tobias Schneiders, Thomas Meurer (both partner, both lead), Maximilian Kunzelmann, Christian Wienke (both senior associate), Sarah Schadeck, Jan Luis Lemli (both associate, all Düsseldorf),
- IP/IT: Matthias Rothkopf (partner), Johannes Jäkle (senior associate, both Düsseldorf), Róża Grzybowska (associate, Berlin),
- Financial Regulation: Gerrit Tönningsen (partner), Katharina Limberger (senior associate, both Frankfurt),
- Public Law: Jan Bonhage (partner), Matthias Schindlbeck (associate, both Berlin),
- Data Protection: Michael Schramm (partner), Tanja Peschen (associate, both Düsseldorf),
- Employment: Christian Hoefs (partner), Andreas Kaletsch (senior associate, both Frankfurt),
- Antitrust: Philipp Otto Neideck (partner), Lara Schäfer (associate, both Düsseldorf),
- FDI: Vera Jungkind (partner), Jan Schülting (senior associate, both Düsseldorf).
