Press Release | Transaction Profile |
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Overview of Transaction
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On August 3, 2004, Lynk Systems, Inc. ("Lynk") announced its sale to The Royal Bank of Scotland ("RBS") for cash consideration of $525,000,000 |
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Lynk is the largest private non-bank merchant processor in North America and the 2nd largest private, non-bank merchant acquirer; One of the largest privately held financial technology companies in the world |
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Transaction futhers RBS's strategy of expanding agressively in the U.S. market, by aquiring a preeminent merchant processing and acquiring platform |
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Lynk is a portfolio company of world class private equity firms Sutter Hill Ventures and Technology Crossover Ventures |
Significance of Transaction
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Single largest private financial technology company sale transactions in years at a valuation of $525,000,000 |
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Single largest ever Royal Bank of Scotland acquisition of a non-financial services business |
FT Partners' Role
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FT Partners acted as sole strategic and financial advisor to Lynk and its Board of Directors |
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FT Partners replaced one of the largest, most prominent investment banks in the world to gain exclusive assignment |
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Spent significant time with management and Lynk's entire senior management team |
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Combined existing knowledge of the merchant processing space with deep and intimate knowledge of Lynk story |
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