On September 1, 2021, Nuvei Corporation completed the acquisition of all of the issued and outstanding shares of SimplexCC Ltd. for approximately US$250 million.
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.
A Fasken team composed of Catlin Rose, Kosta Kostic, Alexandra Lazar, Marie-Christine Valois, Elissa Brock and Paul Khoury acted for Nuvei Corporation in connection with this 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).