Taylor Wessing has advised its client NoteMachine, one of the major cash machine operators in the UK and Germany, on its acquisition of Eurochange Ltd, a provider of specialist foreign currency and international payment solutions to retail and business customers.

The acquisition furthers NoteMachine's strategy of extending its range of transactional and payment services to retail, business and bank customers.

NoteMachine is a long-standing client of Taylor Wessing, and operates via a network comprising over 7,500 ATMs across the United Kingdom and is one of the larger ATM operators in Germany. Every month, around 20 million people use at least one of NoteMachine’s ATMs. NoteMachine will capitalise on its ATM network and customer base to further expand Eurochange’s reach and brand awareness across Europe. NoteMachine is majority owned by Corsair Capital, a private equity firm focused on investing globally in the financial services industry.

The Taylor Wessing team was led by private equity partner Emma Danks, with support from Lowri Hardcastle and Shenell Page. Finance partner Martin Yells led on the debt funding side, with support from Lerika Joubert and Ryan Hopkins.