Neovia Financial Acquires Optimal Payments

On January 31, 2011, Neovia Financial PLC, a global online payments services provider listed in the AIM market of the London Stock Exchange, acquired substantially all of the assets of Optimal Payments, a global payments processor based in Montréal with subsidiaries in the US and the UK, for approximately US$50 million, payable by a combination of cash, vendor debt financing, shares and warrants.

Neovia Financial was represented by McCarthy Tétrault LLP with a team led by Iain C. Scott that included Max Rogan and Eleonore Derome (corporate); Ylang Ha (tax); Rachel Solyom (employment) and Veronique Wattiez-Larose (intellectual property) in Montréal, and Robert Brant, Claire Atkins and Achal Kapila (corporate) in the London office.

Optimal Payments was represented by Stikeman Elliott LLP with a team led by Sidney Horn and Warren Katz that included Gayle Noble and Marc Miller (corporate), Marie-Andrée Beaudry and Jean-Guillaume Shooner (tax) in the Montréal office, and Jeffrey Keey in the London office.