NEW YORK – Troutman Pepper Locke advised Deluxe, a trusted payments and data company, in its definitive agreement to acquire Celero Commerce, a financial technology company focused on optimized payment solutions for small to mid-sized businesses and strategic partners, for $625 million, plus payment of certain seller transaction expenses and other adjustments. For more information, see the press release.
The transaction advances the ongoing Deluxe transformation strategy to shift the revenue mix toward higher growth payments and data segments. The combination will also further the ongoing modernization of the Deluxe payment technology infrastructure, bring together complementary go-to-market capabilities, and expand customer reach through a broadened and diversified network of bank, software, independent partner, and direct sales channels.
The Troutman Pepper Locke team that advised Deluxe was led by Steven Khadavi, Wallace Bao, Howard Goldberg, Samantha Peruto, Cody Mathis, and Emma Teman. Additional support was provided by Justin Wood, Brad Boericke, Steven Soffer, Suzanne Soboeiro, Karli Kendall, Josh Gelfand, Christopher Stock, Jessica Rothenberg, Barbara Sicalides, Julian Weiss, Heather Ducat, Gabby Gaudet, Helen Lee, Ryan Last, Brent Hoard, Rusty Close, Stefanie Brennan, Jared Burns, and Michael Frankel.
Consistently recognized as a top-tier practice, Troutman Pepper Locke’s corporate attorneys regularly handle strategic deals for Fortune 100 corporations and middle market transactions for private equity clients. Core areas of service include mergers and acquisitions, corporate finance, corporate governance, securities laws compliance, capital markets transactions, and other significant domestic and cross-border transactions, as well as general corporate counseling.
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