- Our firm represented New Zealand-based fintech company Xero Limited, a global cloud-based accounting platform traded on the Australian Securities Exchange, in its binding agreement to acquire the entire share capital of Melio, a B2B payments platform founded in Israel and operating in the U.S., including its related entities—in a deal valued at approximately USD 3 billion. The transaction will be completed via a reverse triangular merger, whereby Melio will be the surviving company, resulting in Xero holding full ownership of Melio upon merger completion. Our firm advised Xero on the Israeli legal aspects of the transaction, including the merger process, due diligence, negotiation of transaction documents, tax matters, and regulatory compliance. This major deal, signed during these challenging times, is yet another testament to the resilience of the Israeli economy.
June 30, 2025
