Shift4 Payments, Inc. (FOUR): M&A transaction — Shift4 completes $600M acquisition of Finaro to accelerate European expansion

Shift4 Payments, Inc.

Closed Oct 26, 2023; consideration: $200M cash, $325M stock, up to $50M earnout, $25M RSUs.
Finaro is a cross-border ecommerce payments provider and fully licensed bank with large European presence.
Acquisition expands Shift4's TAM in geographic coverage and industry verticals, enabling international expansion.
Shift4 to offer card-present solutions (SkyTab, VenueNext) in Europe; gains 500+ integrations and 200K+ merchants.
Finaro will rebrand as Shift4 to operate under a single global brand reflecting unified platform.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Shift4 Payments, Inc. completed an acquisition involving Credorax, Inc. (d/b/a Finaro) for $200.0 million in cash and $325.0 million in Class A common stock; additional $50.0 million in Class A common stock contingent on milestones; $25.0 million in e (closed 2023-10-26).

Action: acquisition
Counterparty: Credorax, Inc. (d/b/a Finaro)
Consideration: $200.0 million in cash and $325.0 million in Class A common stock; additional $50.0 million in Class A common stock contingent on milestones; $25.0 million in e
Closing: 2023-10-26

Exact text from the filing

”). The Company, Shift4 LLC, Shift4 Subs are hereinafter referred to as “ Buyer Group ”. The consideration for the Acquisition consisted of (i) payment by the Buyer Group of $200.0 million in cash and $325.0 million in Class A common stock with customary lock-up provisions for up to 12 months following completion of the Acquisition; (ii) additional consideration

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Shift4 Payments, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-263590

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