Press Release | Transaction Profile |
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Overview of Transaction
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On January 9, 2006 Verus announced its sale to Sage Group plc for $325 million in cash |
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Verus is one of the premier providers of payment processing services to small and medium-sized enterprises ("SMEs")
- Top 5 private merchant acquirer in the U.S.
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Sage Group plc ($5.8 bn market capitalization) is a leading, U.K.-based provider of accounting and business management software solutions |
Significance of Transaction
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Largest private ISO and second largest private merchant acquiring M&A transaction in the last 7+ years |
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Largest transaction completed by Sage since 2000 |
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Cross-border transaction involving a global European buyer |
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FT Partners' Role
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FT Partners acted as sole strategic and financial advisor to Verus and its Board of Directors |
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FT Partners was chosen by FTVentures, one of Verus' largest shareholders, to execute this critical transaction
- FTVentures is a prominent private equity firm focused on financial technology
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FT Partners has successfully executed the two largest private merchant acquiring M&A transactions in the last 7+ years – Verus and Lynk Systems |
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