Fenwick & West represented TrialPay, Inc., a privately held company with an offers platform that connects merchants with millions of consumers through targeted promotions, in its recently announced agreement to be acquired by Visa Inc. (NYSE:V), a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. The acquisition is expected to be completed in Visa's fiscal third quarter 2015, pending satisfaction of customary closing conditions including regulatory approvals. Financial terms of the transaction were not disclosed.
The acquisition of TrialPay will strengthen Visa’s merchant offers capabilities and accelerate its ability to drive commerce opportunities through highly customized, real-time offers to cardholders. More information about TrialPay’s agreement to be acquired by Visa can be obtained from the company press release.
The Fenwick transaction team included corporate attorneys Kris Withrow, Scott Behar, Patrick Grilli, Tahir Golden, Hans Andersson and Margaret Ding; technology transactions attorneys Stephen Gillespie, Ana Razmazma and Ranjit Narayanan; executive compensation and employee benefits attorney Gerald Audant; tax attorneys Larissa Neumann and Zach Jones and antitrust attorney Mark Ostrau.