Simpson Thacher, Stikeman Elliott, Davis Polk and Kirkland & Ellis advised on Nuvei’s US$2.75 billion acquisition of Payoneer.

Under the terms of the agreement, Payoneer shareholders will receive US$7.40 per share in cash. The transaction is expected to close in mid-2027, subject to shareholder approval, regulatory clearances, and customary closing conditions.

Upon completion, the combined company is expected to process more than US$500 billion in annual payment volume for more than 2.4 million customers across over 190 countries and territories. The transaction is expected to strengthen Nuvei’s capabilities in cross-border payments, platform-native financial services, stablecoin payments and emerging agentic commerce applications.

Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. The company makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies and grow their businesses.

Simpson Thacher is representing Nuvei on the acquisition.

The Simpson Thacher team includes Ravi Purushotham, Louis Argentieri, Jack Johanning and Diobel Rodriguez (FIG M&A), Jeannine McSweeney, Jana Hymowitz and Shivani Motamarri (ECEB), Andrew Purcell and Jessica Berman (Tax), Spencer Sloan (Bank Regulatory), Peter Guryan and Rick Jamgochian (Antitrust), Caroline Geiger, Christina Breitbeil, Stanley Yu and Corina DeFeo (Intellectual Property), and Krista McManus (Real Estate).

Stikeman Elliott is also advising Nuvei on the transaction.

The Stikeman Elliott team consisted of Warren M. Katz, Amélie Métivier, Francis Blais-Lord (Corporate, M&A, and Securities), and Frank Mathieu (Tax).

Davis Polk is advising Payoneer Global Inc. On its sale to Nuvei.

The Davis Polk corporate team includes partners Lee Hochbaum and Lee Parnes, counsel F. Adam Abulawi and associates William Zachary Mineo and Carolina Tirú Vega. Partner Byron B. Rooney and counsel John H. Runne are providing capital markets advice. Partner Adam Kaminsky is providing executive compensation advice. Partner William A. Curran is providing tax advice. Partner David L. Portilla is providing financial institutions advice.

Kirkland & Ellis is advising Nuvei on the debt financing supporting the acquisition.

The Kirkland team included debt finance lawyers Scott Rolnik, Conor O’Muiri, Daniel Clayman and Morgan Sciumbato; and capital markets lawyers Josh Korff, Ross Leff and Alborz Tolou.