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FT Partners Advises Central Payment on its Recapitalization Valued at $700 million

Overview of Transaction

  • On February 9, 2017, Central Payment completed a sale of an additional 10% equity stake to TSYS at a valuation of $700mm and extended a put call agreement on the remaining 15% of equity that's exercisable until April 2018
  • Headquartered in San Rafael, CA, Central Payment is one of the fastest growing payment processors in the country
  • Through Central Payment's innovative approach, the Company provides processing services to over 70,000 businesses across several electronic transaction categories and industries
  • TSYS provides electronic payment processing and other services to card-issuing and merchant acquiring institutions worldwide
  • FT Partners also represented Central Payment on its initial 60% strategic growth investment with TSYS in 2012 and its subsequent recap in 2014

Significance of Transaction

  • The transaction provides TSYS with a high-growth and very successful independent agent channel, which supports ongoing growth in its merchant acquiring business
  • Additionally, the transaction reiterates Central Payment's ability to leverage TSYS' strategic relationships, processing capabilities and expertise in the sector to further scale the business and pursue additional growth opportunities

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Central Payment and its owners
  • This transaction highlights FT Partners' continued dominance in the Payments and Merchant Acquiring space and its leadership position as the “advisor of choice” to the highest quality FinTech Companies