Lightspeed’s $425 Million Acquisition of NuORDER

Paul, Weiss, Rifkind, Wharton & Garrison LLP represented NuORDER in the transaction.

NuORDER, leading B2B e-commerce company, executed its acquisition by Montreal-based cloud-based point-of-sale solutions provider Lightspeed. NuORDERS’s existing investors include Brighton Park Capital. Lightspeed will acquire NuORDER for approximately $212.5 million in cash and Lightspeed subordinate voting shares worth approximately $212.5 million, for a total estimated consideration of $425 million.

The closing of the transaction is expected during the third quarter, pending customary closing conditions and regulatory approvals.

NuORDER is the leading wholesale eCommerce platform helping brands and retailers grow and win together. Brands use NuORDER to deliver a seamless, more collaborative wholesale process, where buyers can browse products, plan assortments visually, and make smarter buys in real-time. The NuORDER platform was engineered with flexibility and scale in mind, empowering businesses of all sizes with enterprise-level technology. Headquartered in Los Angeles, California with offices globally; NuORDER connects more than 2,000 brands and 500,000 retailers.

Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange and Toronto Stock Exchange (NYSE: LSPD) (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

The Paul, Weiss team included corporate partner Sarah Stasny (Picture) and counsel David Curtiss; tax partners Lindsay Parks and Patrick Karsnitz; intellectual property partner Charles Googe; executive compensation counsel Reuven Falik; antitrust counsel Yuni Sobel; litigation counsel Steven Herzog; and international trade counsel Richard Elliott.

Involved fees earner: David Curtiss – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Reuven Falik – Paul Weiss Rifkind Wharton & Garrison; Charles Googe – Paul Weiss Rifkind Wharton & Garrison; Steven Herzog – Paul Weiss Rifkind Wharton & Garrison; Patrick Karsnitz – Paul Weiss Rifkind Wharton & Garrison; Lindsay Parks – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Sarah Stasny – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: NuOrder;

Author: Martina Bellini