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FT Partners Advises Mobile Payments Leader ProPay on its Strategic Sale to TSYS

Overview of Transaction
  • On November 15, 2012, ProPay announced its proposed sale to TSYS
  • ProPay is a leading provider of technology-enabled payment processing solutions for organizations ranging from small, home based entrepreneurs to multi-billion dollar enterprises
  • TSYS provides electronic payment processing and other services to card-issuing and merchant acquiring institutions in the United States and internationally
  • The terms of the transaction were not disclosed; TSYS expects to close the transaction in late 2012
Significance of Transaction
  • The acquisition positions TSYS to capitalize on the explosive growth of mobile payments and more effectively compete in the small and micromerchant segment
  • ProPay also provides TSYS with a new, highly leverageable sales channel designed to access the growing micromerchant market through its direct selling and other affiliate partnerships
  • The acquisition positions ProPay to pursue additional growth opportunities and further scale the business by leveraging TSYS' strategic relationships, processing capabilities and expertise in the sector
FT Partners' Role
  • FT Partners served as exclusive strategic and financial advisor to ProPay in its sale process
  • Highlights FT Partners' unparalleled capability of helping companies in the Payments sector find the best strategic partners and achieve favorable outcomes for stakeholders
  • Underscores FT Partners' continued success in advising a broad range of top-tier Payments companies