Shift4. an built-in funds and commerce expertise firm primarily based in Allentown, Pennsylvania, has entered right into a definitive settlement to accumulate International Blue, a specialty funds and expertise platform headquartered in Switzerland.
Below the settlement, Shift4 will buy International Blue for US$7.50 per widespread share in money, representing a 15% premium to International Blue’s closing share value as of 14 February 2025, with an enterprise worth of roughly US$2.5 billion.
“This acquisition continues a daring custom of introducing transformative capabilities to distinctive prospects together with a large embedded cross-sell alternative,”
mentioned Shift4 President Taylor Lauber.
“It matches completely within the Shift4 playbook: delivering an unlimited quantity conversion alternative whereas unlocking vital new income alternatives and capabilities that open totally new markets for us. Integrating International Blue into our unified funds platform positions Shift4 as a number one unified commerce cost supplier world wide.”
International Blue’s service provider options will probably be built-in into Shift4’s world funds platform, enhancing the end-to-end expertise for retailers.
As a part of the transaction, two main shareholders of International Blue, Ant Worldwide and Tencent, intend to stay buyers within the mixed entity and are exploring strategic partnerships with Shift4.
The partnership will increase on their current relationship with International Blue and discover collaboration with Shift4 on world e-commerce cost options.
This contains the distribution of the unified gateway service Alipay+ and Weixin Pay.
Below the settlement, Shift4 will purchase International Blue by a young supply and subsequent statutory squeeze-out merger.
Upon completion, International Blue’s widespread and most well-liked inventory will now not be publicly listed. Warrant holders may have the chance to train their warrants forward of their maturity in August 2025.
The acquisition has been unanimously authorised by the boards of administrators of each firms and is anticipated to shut by the third quarter of 2025, topic to regulatory approvals, customary closing circumstances, and a minimal tender of at the very least 90% of International Blue’s issued and excellent widespread and most well-liked shares.
Sure shareholders, collectively proudly owning roughly 90% of International Blue’s shares, have entered into tender and help agreements to facilitate the transaction.
Shift4 plans to finance the acquisition utilizing money available and a US$1.795 billion, 364-day bridge mortgage facility secured in reference to the deal.
Featured picture credit score: edited from freepik
