Simpson Thacher is representing the financing sources in providing $375 million of committed financing for the announced $625 million acquisition of Celero Commerce LLC (“Celero”) by Deluxe Corporation (“Deluxe”).
Deluxe, a trusted payments and data company, has spent more than a century championing businesses so that communities can thrive. Customers across every stage of the corporate lifecycle, from start-ups to mature enterprises, rely on the company’s solutions and platforms. Today, Deluxe supports millions of small businesses, thousands of essential financial institutions and hundreds of the world’s largest consumer brands, while processing over $2 trillion in payment volume each year. Celero, an industry-leading payment processing partner, is known for delivering high-tech, high-touch experiences to its partners and businesses. The company provides businesses with a full suite of payment processing services, business management software and data intelligence. The proposed merged organization would rank among the ten largest non-bank merchant acquirers in the country.
The Simpson Thacher team includes Jessica Tuchinsky, Michael Ratay, Khalia C. Williams, Steven Ari Halpern and Toni Woods Maignan (Credit); David Azarkh, John G. O'Connell, Rebecca L. Carroll and Yue (Lauren) Zong (Capital Markets); Malik Ladhani, Avery Golombek and Sichen Zhang (M&A); Jonathan E. Cantor and Roberto V. Arza (Tax); J. Pasco Struhs (Executive Compensation and Employee Benefits); and Courtney A. Welshimer, Kyung Min (Christine) Song and Christian W. Bond (Intellectual Property).