London-listed online payment provider Optimal Payments is set to bolster its presence in the US ecommerce market with two acquisitions, a $210m deal to buy TK Global Partners LP, operating as Meritus Payment Solutions, and the $15m purchase of Global Merchant Advisors.Optimal will pay $150m in cash to acquire all partnership interests in California-based Meritus, with a further $60m in shares to be issued in equal amounts over four years from the first anniversary of the deal’s closing date.
For Global Merchant Advisors (GMA) it will pay up to $15m in cash, with $10m payable on closing and the remaining $5m based on the future performance of the business. Both acquisitions are subject to standard closing conditions, with the deals expected to be completed during the third quarter.
source : www.gamingintelligence.com
