FT Partners Advises Solveras on its Sale to TransFirst
Overview of Transaction
- On August 24, 2011, Solveras Payment Solutions announced its sale to TransFirst, a leading provider of transaction processing and a portfolio company of Welsh, Carson, Anderson and Stowe
- Solveras is a sales organization providing comprehensive merchant payment services to approximately 15,000 small- and medium-sized merchants
- The Company has been majority owned by its founders since inception in 2000
- Solveras will continue to operate on a standalone basis as a division of TransFirst
- Illustrates the strength of Solveras' affinity marketing model and underscores its expertise in telesales
- Solveras' unique telesales engine introduces an additional sales, marketing and partnership model to TransFirst's existing merchant services business
- Shows the increasing value of strong strategic partnerships in payments processing
- Further example of platform consolidation in payments
- FT Partners served as exclusive strategic and financial advisor to Solveras in its sale process
- Highlights FT Partners' deep knowledge, extensive experience and broad relationships in the payments processing industry
- Represents another highly successful transaction involving a top-tier payments company