Greenberg Traurig LLP issued the following announcement on Feb. 22.
Attorneys from global law firm Greenberg Traurig, LLP advised Paysafe in its acquisition of SafetyPay for $441 million in an all-cash transaction.
For Paysafe, this deal strengthens its strategic foothold in Latin America. This acquisition sets up Paysafe to be the leading open banking and eCash solutions provider in Latin America, one of the world’s fastest-growing online markets. SafetyPay is a leading payments platform in Latin America that enables eCommerce transactions via open banking and eCash solutions.
Paysafe now operates in 11 Latin American countries with over 90% bank coverage. It serves over 200 travel, entertainment, and digital goods merchants.
The Greenberg Traurig team representing Paysafe was led by Carl A. Fornaris, co-chair of the firm’s Financial Regulatory and Compliance Practice; Yosbel A. Ibarra, co-managing shareholder of the firm’s Miami office; and Shareholder Marina Olman-Pal.
Other Greenberg Traurig attorneys that participated in the deal include: Shareholders Cyril T. Brennan, Joel Max Eads, Seth J. Entin, Joseph J. Mamounas, Katie Molloy, Antonio Peña, Gretchen A. Ramos, and Manuel R. Valcarcel IV; Of Counsel Monica Lopez-Rodriguez and Arnaldo C. Rego, Jr.; and Associates Claudio J. Arruda and Alex Capelli.
Original source can be found here.