Fasken acted for Nuvei Corporation in connection with the transaction. Specialty counsel included Adam Atlas Attorney at Law (regulatory counsel), Gornitzky & Co. Advocates (Israel counsel), Law Firm Sorainen & Partners (Lithuanian counsel) and Timelex CV/SC (European regulatory counsel).
On May 6, 2021, Nuvei Corporation announced it entered into a definitive agreement providing for the acquisition of all of the issued and outstanding shares of SimplexCC Ltd. for approximately US$250 million.This deal is expected to close in the second half of 2021.
This new acquisition will enhance and expand Nuvei’s steadily growing portfolio of alternative payment methods, by providing a banking infrastructure to the cryptocurrency industry.
Nuvei Corporation is an electronic payment processing company. The Montreal-based company is Canada’s largest private and non-bank payment processor.
SimplexCC Ltd provides payment solutions. The Company offers fraudless payment processing using credit and debit cards. SimplexCC serves customers in Isreal.
A Fasken team composed of Catlin Rose (Picture), Kosta Kostic, Alexandra Lazar and Elissa Brock.
Law Firms: Fasken Martineau;
Clients: Nuvei Corporation;