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FT Partners Advises Central Payment on its Strategic Investment from TSYS

Overview of Transaction
  • Total System Services, Inc. ("TSYS") has entered into an agreement with Central Payment LLC ("Central Payment" or the "Company"), whereby the Company will recapitalize and operate as a TSYS affiliate, but will continue to do business under its current name
  • As part of the agreement, TSYS will make a strategic investment in Central Payment, becoming 60% owner of the newly-formed joint venture
  • Central Payment is a privately held merchant acquirer — based in San Rafael, California — servicing small- to medium-sized merchants through an Independent Sales Agent (ISA) business model
  • TSYS provides electronic payment processing and other services to card-issuing and merchant acquiring institutions in the United States and internationally
Significance of Transaction
  • Positions Central Payment to pursue additional growth opportunities and further scale the business by leveraging TSYS' strategic relationships, processing capabilities and expertise in the sector
  • Provides TSYS with a high-growth and very successful independent agent channel, while continuing to grow the TSYS merchant acquiring business (TSYS Merchant Services)
FT Partners' Role
  • FT Partners served as exclusive strategic and financial advisor to Central Payment and its owners
  • Transaction highlights FT Partners' deep knowledge and breadth of relationships in the payments industry
  • Underscores FT Partners' continued dominance in the payment processing and merchant acquiring space