Mar 2022
Conyers has advised Israeli online merchant acquiring bank and payment service provider Finaro (formerly Credorax) in connection with its acquisition by US fintech company Shift4 (NYSE: FOUR) in a cash and share deal worth at least US$575 million. Shift4 is a leading provider of integrated payment and technology solutions and Finaro is one of the leading clearing technology providers in the ecommerce sector in Europe and operates as a licensed clearing gateway for Visa and Mastercard together with providing other financial services such as managing cross-border risks, managing foreign currency, digital wallets and cryptocurrency and business intelligence.
Partner Anton Goldstein and Counsels Nicholas Kuria and Rachael Pape of Conyers’ BVI office advised on the transaction, working alongside Herzog, Fog & Neeman.