| Decision | Consent granted Section 13(1)(a) Overseas Investment Act 2005 |
|---|---|
| Decision maker | Toitū Te Whenua Land Information New Zealand |
| Decision date | 4 August 2025 |
| Pathway | Significant business assets only |
| Investment | Acquisition of all of the fully paid ordinary shares in Smartpay Holdings Limited |
| Consideration | $296,361,606 |
| Applicant | Shift4 Payments, LLC United States of America 99% Various 1% |
| Vendor | Shareholders of Smartpay Holdings Limited Australia 74% New Zealand 25% Various 1% |
| Background | The Applicant is a United States registered limited liability company, majority owned by the United States NYSE listed company Shift4 Payments Inc (Shift4). Shift4 is a payment processing company based in Allentown, Pennsylvania. The company specialises in commerce technology such as mobile payment software and hardware. Smartpay Holdings Limited (Smartpay) is one of Australia and New Zealand's largest full-service EFTPOS providers. In New Zealand, Smartpay is the largest direct connector of EFTPOS terminals to Paymark, the central electronic payment processing platform. Consent was granted as the Applicant met the investor test criterion. The Minister of Finance has decided that the investment is not contrary to New Zealand’s national interest. |
| More information | Joshua Pringle Chapman Tripp (Auckland) PO Box 2206 Auckland 1140 |