Corsair Capital’s Acquisition Multi Service Payment Solutions Business From World Fuel Services

Simpson Thacher represented affiliates managed by Corsair Capital on the deal, while Cravath, Swaine & Moore advised World Fuel Services.

Corsair Capital completed the acquisition of the Multi Service Payment Solutions Business (“MSTS”), a global B2B payment and credit solutions provider, from World Fuel Services Corporation (NYSE: INT). The closing of the transaction is subject to customary closing conditions, including regulatory approvals.

MSTS is a global B2B payment and credit solutions provider specializing in commercial transaction management, facilitating transactions for customers in over 190 countries. The company’s AR processing solution enables users to optimize the billing process, support complex pricing agreements, and reduce errors and costs to clients, while its credit solution reduces friction associated with collections, recovery rates, and enables an easier access to credit.

The Simpson Thacher team included Sebastian Tiller (Picture), Sung Jin and Malik Ladhani (M&A); Larry Moss, Caitlin Lucey and Alan Fenyes (Executive Compensation and Executive Benefits); Jonathan Goldstein and Jacqueline Clinton (Tax); Barrie Covit, David Wagner, David Whelan and Samuel Ash (Private Funds); Lori Lesser and Corina McIntyre (Intellectual Property); Krista McManus (Real Estate); Michael Isby (Environmental); Peter Guryan and Kelly Karapetyan (Antitrust); and Steve DeLott (Insurance).

The Cravath team advising World Fuel Services was led by partners Damien R. Zoubek and Andrew C. Elken and includes senior attorney Brittain A. Rogers and associates Nathan H. Trunnell and Michael P. E. Dooley on M&A matters; partners Christine A. Varney and Margaret Segall D’Amico and senior attorney Jesse M. Weiss on antitrust matters; partner Craig F. Arcella and associate Aashim Usgaonkar on financing matters; partner Kara L. Mungovan and associates Cecily Xi and Rebecca L. Fine on tax matters; partner Jennifer S. Conway, senior attorney Nicole F. Foster and associate Dixing Tang on executive compensation and benefits matters; partner David J. Kappos and associate Carys Webb on intellectual property matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorney Brian M. Budnick on real estate matters. Summer associate George Smith also worked on M&A matters.

Involved fees earner: Craig Arcella – Cravath Swaine & Moore; Brian Budnick – Cravath Swaine & Moore; Jennifer Conway – Cravath Swaine & Moore; Michael P. E. Dooley – Cravath Swaine & Moore; Margaret Segall D’Amico – Cravath Swaine & Moore; Andrew C. Elken – Cravath Swaine & Moore; Rebecca Fine – Cravath Swaine & Moore; Nicole Foster – Cravath Swaine & Moore; David Kappos – Cravath Swaine & Moore; Kara Mungovan – Cravath Swaine & Moore; Brittain Rogers – Cravath Swaine & Moore; Dixing Tang – Cravath Swaine & Moore; Annmarie Terraciano – Cravath Swaine & Moore; Nathan Trunnell – Cravath Swaine & Moore; Aashim Usgaonkar – Cravath Swaine & Moore; Christine Varney – Cravath Swaine & Moore; Carys Webb – Cravath Swaine & Moore; Jesse Weiss – Cravath Swaine & Moore; Cecily Xi – Cravath Swaine & Moore; Damien Zoubek – Cravath Swaine & Moore; Samuel Ash – Simpson Thacher & Bartlett; Jacqueline Clinton – Simpson Thacher & Bartlett; Barrie Covit – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Alan Fenyes – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Sung Jin – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Malik Ladhani – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Caitlin Lucey – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Sebastian Tiller – Simpson Thacher & Bartlett; David Wagner – Simpson Thacher & Bartlett; David Whelan – Simpson Thacher & Bartlett;

Law Firms: Cravath Swaine & Moore; Simpson Thacher & Bartlett;

Clients: Corsair Capital; World Fuel Services;

Author: Ambrogio Visconti