WALLESS Advises Simplex in the Acquisition Transaction with Nuvei

WALLESS represents Simplex, a payment solution provider to the cryptocurrency industry, in an acquisition transaction with Nuvei, a Canadian-based payment technology company.
An Israeli fintech startup Simplex provides a secure infrastructure for clearing cryptocurrency transactions and simplifies buying and selling. Simplex was one of the first investors that decided to set up its e-money institution in Lithuania and now has 150 employees at its Israel offices in Givatayim near Tel Aviv and in Vilnius, Lithuania.
The total deal value is approximately $250 million. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2021.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.