Shift4 buys Israeli fintech co Finaro for USD 575 million
Categories: Corporate and M&A
U.S. fintech company Shift4 has announced the acquisition of Israeli online merchant acquiring bank and payment service provider Finaro
In a cash and share deal worth at least USD 575 million.
Together with Latham & Watkins, Barnea Jaffe Lande & Co. acted for Shift4 n the purchase. Herzog, Fox & Neeman advised Finaro, led by Yair Geva, Adina Shapiro, Shahar Porat and Dr. Ehab Farah. Mayer Brown acted as US counsel for the target company, with a team led by Anna Pinedo, Ryan Liebl, Remmelt Reigersman and Esther Chang.
Finaro, formerly Credorax, is based in Herzliya, and was founded 13 years ago by Israeli serial entrepreneur Yigal Rotem and Benjamin Nachman.
