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.


Sidney M. Horn Robert J. Brant Rachel Solyom Véronique Wattiez Larose Max T. Rogan Jeffrey Keey Iain C. Scott Warren M. Katz Gayle Noble Ylang Ha Eleonore Derome Jean-Guillaume Shooner