Smartpay Holdings Limited
Transaction Type: Scheme of arrangement
Offeror / Other Party: Shift4 Holdings Limited
Independent Adviser(s): Calibre Partners Limited
Date of meeting: 14/10/2025
On 23 June 2025, Smartpay Holdings Limited (Smartpay) and Shift4 Payments, LLC (Shift4 LLC) entered into a scheme implementation agreement under which Shift4 Holdings Limited, a wholly owned subsidiary of Shift4 LLC, would acquire 100% of the ordinary shares in Smartpay for consideration of $1.20 per share by way of a scheme of arrangement (the Scheme).
On 14 October 2025, Smartpay’s shareholders voted to approve the Scheme. The High Court granted final orders on 24 October 2025, and the Scheme was implemented on 4 November 2025.
Calibre Partners Limited prepared the independent adviser’s report on the merits of the transaction.
