Volkswagen Financial Services AG acquired Adaptis Solutions Limited and Mobile Payment Services SAS and PayByPhone Limited and Verrus Mobile Technologies, Inc. from PayPoint plc (LSE:PAY) for £26.5 million in cash on December 23, 2016. The four companies represent the mobile payment business of PayByPhone. As at September 30, 2016, the gross assets of the mobile business were £5.2 million. From the proceeds, PayPoint will pay £0.3890 per share special dividend to shareholders on January 11, 2017. Deloitte & Touche Corporate Finance UK Limited acted as corporate finance advisor to PayPoint. Tom Pickthorn of Mills & Reeve LLP alongwith Bull, Housser & Tupper LLP and Fidal acted as legal advisor to PayPoint. Christopher Woods, Claire Watson, Paul Vandecrux, Thomas Twitchett, Matthew Townsend, Heath Tarbert, Tony Sparks, Nick Roudev, Steve Quinn, Laura Milward-Lynch, Dougall Meston, Alastair McWilliams, Paul McCarthy, Keren Livneh, Tom Levine, Joris Lataui, Zhen Yang Kua, Kenneth Ko, George Knighton, Etay Katz, Ellen Lu, Iyesogie Igiehon, Bastien Husson, Daniel Hunter, Christa Hotton, Sarah Henchoz, Tim Harrop, Caitlin Hanley, Hayde Faria, Annabelle Croker, Gemma Coulter, Adélaïde Cassanet, Alasdair Balfour, Joshua Bachrach, Rebecca Appleyard and Claire Annesley of Alens & Overy acted as legal advisors to Volkswagen Financial Services. Volkswagen Financial Services AG completed the acquisition of Adaptis Solutions Limited and Mobile Payment Services SAS and PayByPhone Limited and Verrus Mobile Technologies, Inc. from PayPoint plc (LSE:PAY) on December 23, 2016.