MIAMI – Feb. 22, 2022 – Attorneys from global law firm Greenberg Traurig, LLP advised Paysafe in its acquisition of SafetyPay for $441 million in an all-cash transaction.
For Paysafe, this deal strengthens its strategic foothold in Latin America. This acquisition sets up Paysafe to be the leading open banking and eCash solutions provider in Latin America, one of the world’s fastest-growing online markets. SafetyPay is a leading payments platform in Latin America that enables eCommerce transactions via open banking and eCash solutions.
Paysafe now operates in 11 Latin American countries with over 90% bank coverage. It serves over 200 travel, entertainment, and digital goods merchants.
The Greenberg Traurig team representing Paysafe was led by Carl A. Fornaris, co-chair of the firm’s Financial Regulatory and Compliance Practice; Yosbel A. Ibarra, co-managing shareholder of the firm’s Miami office; and Shareholder Marina Olman-Pal.
Other Greenberg Traurig attorneys that participated in the deal include: Shareholders Cyril T. Brennan, Joel Max Eads, Seth J. Entin, Joseph J. Mamounas, Katie Molloy, Antonio Peña, Gretchen A. Ramos, and Manuel R. Valcarcel IV; Of Counsel Monica Lopez-Rodriguez and Arnaldo C. Rego, Jr.; and Associates Claudio J. Arruda and Alex Capelli.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 42 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: www.gtlaw.com.