Corsair’s Acquisition of Aurora Payments

Simpson Thacher represented Corsair Capital on the deal.

Corsair Capital announced the acquisition of a majority stake in Aurora Payments, a full-service payment solutions provider for small and medium sized businesses across a variety of industries. The transaction closed on December 31, 2021.

Founded in 2005, Aurora is a united network of processing, technology and payment solutions headquartered in Tempe, Arizona, with 22,000 merchants and $10 billion in annual processing. Aurora offers a one-stop-shop solution for partners and merchants seeking to accept and receive electronic payments. Aurora’s bundled offering provides merchants with a wide range of products, services, customer technology and support capabilities, including point of sale (POS) equipment, transaction processing services and the ability to transfer funds between banks and merchants.

The Simpson Thacher team included Sebastian Tiller (Picture) and Louis Argentieri (M&A); Larry Moss, Caitlin Fitzgerald and Charles Pfeifer (Executive Compensation and Executive Benefits); Jonathan Goldstein and Ruoxi Zhang (Tax); Genevieve Dorment, Corina McIntyre and Samuel Watters (Intellectual Property); Barrie Covit, David Whelan, Jeffrey Larocca and Leor Moaddel (Private Funds); Krista McManus and Dennis Loiacono (Real Estate); Michael Isby (Environmental); Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust); and Steve DeLott (Insurance)

Involved fees earner: Louis Argentieri – Simpson Thacher & Bartlett; Barrie Covit – Simpson Thacher & Bartlett; Steven DeLott – Simpson Thacher & Bartlett; Genevieve Dorment – Simpson Thacher & Bartlett; Caitlin Fitzgerald – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Michael Isby – Simpson Thacher & Bartlett; Kelly Karapetyan – Simpson Thacher & Bartlett; Jeffrey Larocca – Simpson Thacher & Bartlett; James Logie – Simpson Thacher & Bartlett; Dennis Loiacono – Simpson Thacher & Bartlett; Corina McIntyre – Simpson Thacher & Bartlett; Krista McManus – Simpson Thacher & Bartlett; Leor Moaddel – Simpson Thacher & Bartlett; Laurence Moss – Simpson Thacher & Bartlett; Charles Pfeifer – Simpson Thacher & Bartlett; Sebastian Tiller – Simpson Thacher & Bartlett; Samuel Watters – Simpson Thacher & Bartlett; David Whelan – Simpson Thacher & Bartlett; Ruoxi Zhang – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Corsair Capital;

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Author: Youness Semri