The Vilnius office of Sorainen, working with lead counsel Fasken, has advised Canada-based payment technology provider Nuvei on its USD 250 million acquisition of Simplex.
The deal is expected to close in the second half of 2021.
Simplex is a Fintech startup providing fiat infrastructure to the cryptocurrency industry.
According to Sorainen, Nuvei will obtain an electronic money institution license through the acquisition, which will enable it to offer IBAN accounts to end users and corporations.
Sorainen’s Lithuanian team consisted of Partners Algirdas Peksys and Augustas Klezys, Counsel Monika Malisauskaite-Vaupsiene, Senior Associates Justina Paskeviciene, Irma Kirklyte, and Aurelija Daubaraite, and Associates Liutauras Vasiliauskas, Sidas Sokolovas, Ieva Dagyte, and Gabriele Raizyte.
The firm did not reply to an inquiry about the deal.