Collas Crill has acted as Guernsey Counsel to SafeCharge International Group on its takeover by 11411802 Canada Inc (a wholly-owned subsidiary of the Nuvei Corporation) by way of a Guernsey scheme of arrangement.
SafeCharge, whose shares were listed on the AIM market of London Stock Exchange, specialises in e-commerce payments. It has developed technology platforms that connect to acquiring banks and alternative payment method providers and serves a range of industries, including online retail, online travel agents and digital goods.
Nuvei is a Canadian company also involved in the e-commerce payments market, primarily in the US and Canada. Between them, Nuvei and SafeCharge have connections to all major payment card schemes, including Visa, Mastercard, American Express, Union Pay and Discover, as well as local payment methods.
The acquisition will significantly broaden both companies' customer bases, with access to the North American market for SafeCharge and Europe for Nuvei.
Collas Crill worked with London-based Addleshaw Goddard in advising SafeCharge. The Collas Crill team comprised, from the Corporate, Finance and Funds team, Partners Sean Cheong and Wayne Atkinson; Senior Associate Simon Heggs; Associate Ben Le Page; and Paralegal Ben Newton; and from the Dispute Resolution team, Senior Associate James Tee.
The scheme was sanctioned by the Royal Court of Guernsey on 31 July and became effective on 1 August.