Startup’s CEO says the firm’s team “understood our business and its surrounding industry context”
Norton Rose Fulbright (NRF) has advised Australian startup Pin Payments on its acquisition by global payment solution provider Checkout.com.
Led by partner Ben Smits, NRF’s Sydney corporate M&A team advised on all aspects of the transaction, including negotiation, regulatory advice, W&I insurance, tax/structuring advice, and the completion of the sale.
Smits was supported by partner Greg Reinhardt and senior associate Oliver Kabongo.
“Pin Payments’ streamlined payment technology is a natural fit for Checkout.com and will improve the way their SMB business merchants access and manage payments, especially in the current climate with rising online sales,” said Smits.
The acquisition brings Checkout.com’s unified acquiring footprint to Pin Payments’ small and medium-sized business merchants, offering them improved payment performance and international growth opportunities.
“Joining Checkout.com represents a milestone in our startup journey and marks the commencement of the next phase of growth for the group,” said Grant Bissett, co-founder and global chief executive officer of Pin Payments. “Ben's team understood our business and its surrounding industry context and used Norton Rose Fulbright's M&A experience to drive an efficient process with clear and direct communication throughout.”