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FT Partners Advises Value Payment Systems in its Sale to Providence Equity and Greater Sum Ventures

FT Partners Advises Value Payment Systems in its Sale to Providence Equity and Greater Sum Ventures

Overview of Transaction

  • On March 6, 2018, Providence Equity (Providence Strategic Growth) and Greater Sum Ventures acquired Value Payment Systems
  • Headquartered in Nashville, TN, Value Payment Systems (“VPS”) is an integrated payment provider utilizing its proprietary technology and payment gateway to make it easy, secure and efficient for customers to accept payments digitally, resulting in better financial management and more efficient processing of payments
  • VPS focuses on large, emerging and historically underpenetrated market verticals including government, property management, utilities, child support, and education
  • Providence Strategic Growth and Greater Sum Ventures invest in lower middle market technology-enabled service companies

Significance of Transaction

  • The acquisition positions VPS for continued growth and will enable the Company to further its leadership in the government payments market

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to VPS and its Board of Directors
  • This transaction underscores FT Partners' successful track record generating highly favorable outcomes for companies in the Payments space