Optimal Payments is to acquire all of the partnership interests of California-based payment processing business TK Global Partners, which operates as Meritus Payment Solutions, for $210m.
The purchase sum consists of $150m in cash and $60m of Optimal Payments shares, to be issued in equal tranches over four years, beginning one year after the deal closes.
Optimal Payments has also agreed acquire the trade and assets of Global Merchant Advisors, a US-based online payments company, for up to $15m.
Completion of the two acquisitions are conditional on one another and expected to take place during the third quarter of 2014.
