King & Spalding Advises TSYS on Acquisition of NetSpend for $1.4 Billion

King & Spalding advised TSYS, a leading global payment solutions provider, in a definitive agreement to acquire NetSpend for $1.4 billion in cash. NetSpend is a leading provider of general purpose reloadable prepaid debit cards and related financial services to underbanked consumers in the United States.

The transaction is expected to close in mid-2013, subject to regulatory approvals, approval by NetSpend shareholders and customary closing conditions.

More information about the deal is available here.

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