Alston & Bird advised Fleetcor Technologies, Inc., in acquiring Toronto-based Cambridge Global Payments in a transaction honored by the Canadian Dealmakers as “Foreign Inbound Deal of the Year.”
Fleetcor, a New York Stock Exchange-listed global provider of commercial payment solutions, completed the acquisition of Cambridge in August 2017 for approximately $690 million. By acquiring Cambridge, Fleetcor entered the $145 billion B2B cross-border payments market, adding a complementary international component to its domestic payment processing system.
Fleetcor was advised in the transaction by an Alston & Bird team led by partners Chris Baugher and Scott Kitchens and senior associate Ian Calhoun (M&A), assisted by partner Blake MacKay and associate Meredith Gage (Employee Benefits & Executive Compensation), partner Scott Harty (Federal & International Tax), partners Cliff Stanford and Christy Young (Bank Regulatory), partner Alice Yurke (Derivatives & Structured Products), partner John Coalson (Unclaimed Property), partner Tom Feddo (International Trade & Regulatory), partner David Stewart and counsel Helen Christakos (Intellectual Property), partner John Snyder and associate Hilla Shimshoni (Antitrust), partner Teri McMahon and associate Matt Strumph (Corporate & Business Transactions), partner Michael Giovannini (State & Local Tax), and senior associate Chris Huffaker and associate Sam Boro (Financial Services & Products).
The Canadian Dealmakers Awards is a joint venture between Deloitte, The Globe and Mail, Lexpert, and Thomson Reuters. It recognizes companies and individuals who have made a significant contribution to the Canadian M&A market in the past year.