A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Shearman & Sterling, together with Stikeman Elliott LLP, is advising BUSA Acquisition Co., a Nevada incorporated entity, ...
United States
Shearman & Sterling, together with Stikeman Elliott LLP, is
advising BUSA Acquisition Co., a Nevada incorporated entity, in
connection with the acquisition of BankCard USA Merchant Services
Inc. from Quisitive Technology Solutions, a Canadian public company
and a Microsoft Cloud and AI solutions provider.
BUSA Acquisition, owned by a consortium comprised of
BankCard's senior management team and certain other industry
experts, entered into a definitive share purchase agreement on
March 27, 2024, with Quisitive.
Financing for the transaction is being provided by WhiteHorse
Capital Management, LLC, in the form of a $44 million senior
secured term loan facility to fund a portion of the acquisition
price, and a $5 million senior secured revolving credit facility
for ongoing working capital and other corporate needs, all pursuant
to a loan and security agreement entered into on March 27, 2024 by
WhiteHorse, BUSA Acquisition and its parent company, BUSA Holdings
Corp.
The transaction was announced on March 27, 2024 in apress release.
Contributor
A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
