Euronet Worldwide acquires XE.com

On July 2, 2015, Euronet Worldwide, Inc. a leading electronic payments provider, acquired XE.com Inc., a global leader in digital foreign exchange information.

Euronet will use approximately $60 million from its revolving credit agreement together with about 640,000 Euronet shares and an undisclosed amount of cash to complete the deal. The deal provides Euronet a large Internet presence and user base attuned to foreign currency, while Euronet offers XE breadth and depth in foreign currency products, a strong balance sheet and geographic expansion opportunities.

Euronet Worldwide is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions/ retailers/ service providers and individual consumers.

XE.com is a Canadian-based online foreign exchange tools and services company which ranks one of the top five business news sites globally.

Euronet was represented by Jeff Newman, EVP and General Counsel, and Kevin Murphy, Senior Counsel, together with a team from McCarthy Tétrault LLP led by George Takach, and including Omar Soliman, Joanne Pierucci, Dan Doliner (tech M&A); Pat McCay (tax); Andrew Parker (securities); Kirsten Thompson (privacy); Oliver Borgers (Investment Canada); Ana Badour (financial regulatory); Michael Nicholas (securities regulatory); Alfred Macchione, Julian Ho (intellectual property) and Geoff Hall (commercial).

XE.com was represented by corporate counsel Richard Brooks of Brooks Business Lawyers, with a team including James Leech and Cory Macculloch and Michael Adams, and by Dentons Canada LLP with a team of Paul Bleiwas and Jesse Brodlieb (tax).