Euronet Worldwide Inc. (NasdaqGS:EEFT) acquired Pure Commerce Pty Ltd. for $62.7 million in a cash and stock transaction on January 4, 2013. Euronet will pay $31.2 million at closing and out of which Euronet issued 0.22 million shares of Euronet common stock to the shareholders of Pure Commerce and remaining in cash. Euronet will also pay an additional AUD 30 million ($31.45 million) as earnout and agreed to issue a maximum of 0.66 million additional shares in March 2014 and rest in cash. Pure Commerce reported revenues of $15 million in 2012. Euronet expects the acquisition to contribute about $0.03 to $0.04 to its annual cash earnings per share in 2013. Pure Commerce will continue to be managed by current Chief Executive Officer, Daniel Lavecky. Jefferies & Company, Inc. acted as the financial advisor to Pure Commerce in the transaction. James Crowe of Herbert Smith Freehills acted as legal advisor for Pure Commerce. The currency conversion was made as of January 8, 2013.


Euronet Worldwide Inc. (NasdaqGS:EEFT) completed the acquisition of Pure Commerce Pty Ltd. on January 4, 2013.