Paysafe’s $441 Million Acquisition of SafetyPay

Greenberg Traurig, Demarest, Pérez-Llorca, Posse Herrera Ruiz, Pabralaw, Prieto Abogados and BLP advised Paysafe Merchant Services Corp.
Quarles & Brady and Rodrigo, Elías & Medrano advised SafetyPay, Inc.

Paysafe (NYSE:PSFE), a leading specialized payments platform, has signed a definitive agreement to acquire SafetyPay for USD 441 million in an all-cash transaction.

SafetyPay is a leading payments platform that enables eCommerce transactions via an unrivalled choice of open banking and eCash solutions, operating primarily in Latin America. For Paysafe, this latest deal strengthens its strategic foothold in Latin America, building on its recently announced acquisition agreement with Peruvian payments platform, PagoEfectivo. Together the two acquisitions set Paysafe up to be the leading open banking and eCash solutions provider in Latin America, one of the world’s fastest-growing online markets.

SafetyPay was founded in 2007 as an eCommerce payments platform with the mission to enable millions of consumers to use alternative payment methods (APMs), most notably bank transfer and eCash solutions, to make online purchases. It now has a presence in 11 Latin American countries, and operates via an unparalleled network of banks, with over 90 per cent bank coverage, and over 180,000 cash collection points. It serves nearly 300 merchants primarily in the travel, entertainment, and digital goods industries.

In US, Greenberg Traurig advised Paysafe Merchant Services Corp with Carl A. Fornaris (Picture), Yosbel A. Ibarra, Antonio Peña, Kate Molloy, Gretchen Ramos, Joel Eads, Manuel R. Valcarcel IV, Seth Entin, Cy Brennan, Claudio Arruda, Marina Olman-Pal, Alex Capelli, Ricardo Crispim Leite, David Pernas, Hugo López Coll, Humberto Molina and Pamela Garcia de Presno.

In Brazil, Demarest advised Paysafe Merchant Services Corp with Luciana M. Cossermelli Tornovsky, Paulo Frank Coelho da Rocha, Fabio de Almeida Braga, Renato Canizares, Tatiana Campello, Gabriel da Câmara Queiroz, Marcelo Peloso, Marcelo Simon Ikeziri, Patricia Mutti and Rodrigo Pastana Tozo.

In Spain, Pérez-Llorca advised Paysafe Merchant Services Corp with Javier Gómez de Miguel, Iván Delgado, Andy Ramos Gil de la Haza, Jesús Silvestre, Carlos Cantera, Javier Ramos, Enrique Hernández, José Ricardo Maestro, Patricia López, Álvaro Martínez and Andrea del Arco.

In Colombia, Posse Herrera Ruiz advised Paysafe Merchant Services Corp with Jaime Cubillos, María Victoria Pérez, Alejandro Fernández Gómez, Jorge De Los Ríos, Laura Torrado and Cristina Álvarez.

In Ecuador, Pabralaw advised Paysafe Merchant Services Corp with Jorge Pizarro Páez, Miguel Pizarro, Verónica Ruales Díaz and María Fernanda Mencias.

In Chile, Prieto advised Paysafe Merchant Services Corp with Mario Gorziglia, José Andrés Pascual,  Benjamin Grebe, Aníbal Larraín M., María Cristina Ríos, Diego Madariaga Urrutia and Santiago Errázuriz.

In El Salvador, Nicaragua, Guatemala and Costa Rica, BLP advised Paysafe Merchant Services Corp with Luis Castro, Adriana Castro, Andrés López, Elia Naranjo, León Weinstok,  Eduardo Ramírez, Gabriel Durán, Diego Quirós,  María Inés Arenales, Pamela López Ovando, Alcy Martínez, Mariana Nochez Palacios, Delmer Rodríguez, Ernesto Rizo, Juan Castillo and Roger Cajina.

Quarles & Brady advised SafetyPay, Inc. with  Katrene (Katya) Zelenovskiy, Kimberly Mahan, Joe Masterson, Steve Emerick, Rachael Scoggins, Zachary Pasker and Elizabeth Lacey.

In Perù. Rodrigo, Elías & Medrano advised SafetyPay, Inc. with Eduardo López Sandoval,  Claudia Martínez, Ivan Blume, Cecilia Cánepa, Adriana Bracamonte Marroquin, Daniel Francisco, Rómulo Muñoz, Patrick De Gennaro and María Angélica Meneses.

Involved fees earner: María Inés Arenales – BLP; Roger Cajina – BLP; Juan Castillo – BLP; Luis Castro – BLP; Adriana Castro – BLP; Gabriel Durán – BLP; Andrés López – BLP; Pamela López – BLP; Alcy Martínez – BLP; Elia Naranjo – BLP; Mariana Nochez – BLP; Ernesto Rizo Pallais – BLP; Delmer Rodríguez – BLP; León Weinstok – BLP; Eduardo Ramírez – Cuatrecasas; Tatiana Campello – Demarest; Renato Canizares – Demarest; Paulo Coelho da Rocha – Demarest; Luciana Cossermelli Tornovsky – Demarest; Gabriel da Câmara de Queiroz – Demarest; Fabio de Almeida Braga – Demarest; Marcelo Simon Ikeziri – Demarest; Patrícia Mutti – Demarest; Rodrigo Pastana Tozo – Demarest; Marcelo Peloso – Demarest; Claudio Arruda – Greenberg Traurig LLP; Cyril Brennan – Greenberg Traurig LLP; Alex Capelli – Greenberg Traurig LLP; Joel Eads – Greenberg Traurig LLP; Seth Entin – Greenberg Traurig LLP; Carl Fornaris – Greenberg Traurig LLP; Yosbel Ibarra – Greenberg Traurig LLP; Hugo López Coll – Greenberg Traurig LLP; Humberto Molina – Greenberg Traurig LLP; Kate Molloy – Greenberg Traurig LLP; Marina Olman-Pal – Greenberg Traurig LLP; Antonio Peña – Greenberg Traurig LLP; Gretchen Ramos – Greenberg Traurig LLP; Manuel Valcarcel – Greenberg Traurig LLP; María Fernanda Mencias – PABRALAW; Miguel Fernando Pizarro – PABRALAW; Jorge Pizarro Páez – PABRALAW; Verónica Ruales Díaz – PABRALAW; Carlos Cantera – Perez-Llorca; Iván Delgado – Perez-Llorca; Javier Gómez de Miguel – Perez-Llorca; Enrique Hernández – Perez-Llorca; Patricia López – Perez-Llorca; José Ricardo Maestro García – Perez-Llorca; Álvaro Martínez Crespo – Perez-Llorca; Javier Ramos – Perez-Llorca; Andy Ramos Gil de la Haza – Perez-Llorca; Jesús Silvestre – Perez-Llorca; Cristina Alvarez Lafaurie – Posse Herrera Ruiz; Jaime Cubillos – Posse Herrera Ruiz; Jorge De Los Ri?os – Posse Herrera Ruiz; Alejandro Fernandez – Posse Herrera Ruiz; María Victoria Pérez – Posse Herrera Ruiz; Laura Torrado – Posse Herrera Ruiz; Santiago Errázuriz – Prieto; Mario Gorziglia – Prieto; Benjamín Grebe – Prieto; Aníbal Larrain – Prieto; Diego Madariaga – Prieto; José Andrés Pascual – Prieto; María Cristina Ríos – Prieto; Steve Emerick – Quarles & Brady; Elizabeth Lacey – Quarles & Brady; Kimberly Mahan – Quarles & Brady; Joe Masterson – Quarles & Brady; Zachary Pasker – Quarles & Brady; Rachael Scoggins – Quarles & Brady; Katrene Zelenovskiy – Quarles & Brady; Iván Blume – Rodrigo, Elías & Medrano Abogados; Adriana Bracamonte – Rodrigo, Elías & Medrano Abogados; Cecilia Cánepa – Rodrigo, Elías & Medrano Abogados; Patrick De Gennaro – Rodrigo, Elías & Medrano Abogados; Daniel Francisco – Rodrigo, Elías & Medrano Abogados; Eduardo López – Rodrigo, Elías & Medrano Abogados; Claudia Martínez – Rodrigo, Elías & Medrano Abogados; María Angélica Meneses – Rodrigo, Elías & Medrano Abogados; Rómulo Muñoz – Rodrigo, Elías & Medrano Abogados;

Law Firms: BLP; Cuatrecasas; Demarest; Greenberg Traurig LLP; PABRALAW; Perez-Llorca; Posse Herrera Ruiz; Prieto; Quarles & Brady; Rodrigo, Elías & Medrano Abogados;

Clients: Paysafe; SafetyPay Inc.;

Author: Martina Bellini