Clark Wilson closes $103 million sale of LML Payment Systems

Firm News

On January 10, 2013, Clark Wilson LLP’s Corporate Finance & Securities Group acted for LML Payment Systems in being acquired by Digital River Inc. for $103 million, creating one of the largest electronic payment processing companies in North America. Clark Wilson’s team included Bernard Pinsky, Stewart Muglich, Craig Rollins, Ethan Minsky and Victor Dudas. Court proceedings in the complex plan of arrangement were handled by Oliver Hanson of Clark Wilson LLP’s Litigation Group.