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FT Partners Advises Network Merchants on its Growth Equity Investment

FT Partners Advises Network Merchants on its Growth Equity Investment

Overview of Transaction

  • On May 6, 2014, Network Merchants, Inc. ("Network Merchants" or the "Company") announced that Great Hill Partners has made a growth investment in the Company
  • Great Hill Partners is a private equity firm focused exclusively on software and service providers in growth sectors; the firm manages more than $3 bn in capital
  • In conjunction with the transaction, Network Merchants announced the addition of payments veterans Roy Banks and Kyle Pexton as CEO and CFO, respectively

Significance of Transaction

  • By combining Network Merchants' market-leading platform with a deep and experienced management team and strong financial partners, the Company seeks to redefine the payment gateway space in an increasingly dynamic market
  • Founders Jim McKenzie and Ted Cucci will continue to serve as investors and advisors to Network Merchants; Great Hill joins existing investors Bregal Sagemount and the founders of the Company; Jim McKenzie continues as chairman of the Board of Directors at Network Merchants

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Network Merchants in this transaction
  • Highlights FT Partners' long-term advisor relationship with Network Merchants and its investors
  • FT Partners further demonstrates its role as the advisor of choice for leading payment and financial technology companies