Simpson Thacher Represents GTCR in Connection With the Pending Acquisition of Paya Holdings by Nuvei Corporation
01.19.23
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Simpson Thacher represented GTCR in connection with the pending acquisition of its portfolio company, Paya Holdings, by Nuvei Corporation in an all-cash transaction through a tender offer with a total enterprise value of approximately $1.3 billion. GTCR remained Paya's largest shareholder following Paya’s listing as a publicly-traded company.
Paya (NASDAQ: PAYA) is a leading pure-play integrated payments platform serving customers in attractive and growing end markets such as B2B, government, utilities, non-profit and healthcare end markets. In total, Paya processes over $45 billion of annual payment volume, making it a top 10 provider of card-not-present payment processing in the U.S., and serves over 100,000 end-customers through over 2,000 software vendors and other key distribution partners.
The Simpson Thacher team included Elizabeth Cooper and Katherine Krause (M&A); Russell Light (Tax); and Jennifer Nadborny (Capital Markets).