Reed Smith, a global law firm, advised Allied Payment Network, a trusted provider of business and consumer bill pay solutions, in its acquisition by Autobooks, a provider of receivables, accounting and cash flow management tools integrated within digital banking.
Financial terms were not announced for the transaction. This strategic acquisition strengthens Autobooks’ all-in-one platform by adding business bill pay capabilities, according to the company press release.
Reed Smith’s team was led by private equity partners Christopher Maxwell and Justin Ward. They were supported by global corporate partner Ben Brimeyer and associates James Alexander, Sarah Moy and Emily Crowell. Executive compensation and employee benefits partner Ryan Gorman and tax partner Anthony Boggs also provided assistance.