We are advising Payoneer on the transaction

Davis Polk is advising Payoneer Global Inc. on its sale to Nuvei in an all-cash transaction valued at approximately $2.75 billion. Under the terms of the agreement, Payoneer stockholders will receive $7.40 per share in cash. The transaction is expected to close in mid-2027, subject to approval by Payoneer’s shareholders, receipt of required regulatory approvals and other customary closing conditions.

Payoneer is the financial platform for cross-border business and global payments. Payoneer empowers millions of businesses with the financial tools and services they need to grow and transact globally with confidence. The company makes it easier for businesses, particularly in emerging markets, to connect to the global economy, pay and get paid across borders, manage their funds across multiple currencies and grow their businesses.

Nuvei is building the infrastructure for every payment, everywhere. Its modular, flexible and scalable technology enables leading companies to accept next-generation payments, offer all payout options and benefit from card issuing, risk and fraud management services. Connecting businesses to their customers in more than 190 countries, with local acquiring in 52 markets, 150 currencies and over 720 alternative payment methods, Nuvei provides the technology and insights that help customers and partners succeed locally and globally.

The Davis Polk corporate team includes partners Lee Hochbaum and Lee Parnes, counsel F. Adam Abulawi and associates William Zachary Mineo and Carolina Tirú Vega. Partner Byron B. Rooney and counsel John H. Runne are providing capital markets advice. Partner Adam Kaminsky is providing executive compensation advice. Partner William A. Curran is providing tax advice. Partner David L. Portilla is providing financial institutions advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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