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FT Partners Advises on the Sale of TransFirst to Vista Equity Partners

Overview of Transaction

  • On October 13, 2014, Vista Equity Partners announced that it will acquire TransFirst, a leading provider of secure transaction processing services, from Welsh, Carson, Anderson & Stowe ("WCAS")
  • Similar to the May 2014 acquisition of Mercury by Vantiv, TransFirst had filed for an IPO prior to the transaction
  • Vista Equity Partners is a U.S.-based private equity firm with over $13.5 bn in cumulative capital commitments that focuses on software, data and technology-enabled businesses
  • WCAS originally acquired TransFirst in June 2007

Significance of Transaction

  • Vista's acquisition of TransFirst is one of the largest private equity-lead LBO's in the merchant acquiring space
  • With over 200,000 merchants and more than 1,300 partners, the acquisition will allow TransFirst to solidify its position as a leading provider of payment processing solutions in the SMB space
  • TransFirst intends to leverage Vista Equity Partners' expertise in helping its portfolio companies achieve operational, product and customer service excellence by contributing professional expertise and proven best practices
  • Recognized as Technology Deal of the Year by The M&A Advisor

FT Partners' Role

  • FT Partners served as a strategic and financial advisor to TransFirst in its sale process
  • FT Partners has previously worked with TransFirst, including the Company's $675 mm debt recap transaction in 2012