Monday , January 22, 2018

Mergers & Acquisitions

August, 2017

  • 1 August

    Vantiv’s Worldpay Bid Extended and other Digital Transactions News briefs

    Payments veteran and Harbortouch founder Jared Isaacman announced the formation of Lighthouse Network LLC, a company that will provide shared services, such as payment processing, merchant-support responsibilities, and corporate functions to Harbortouch, and eventually other brands, which could be acquired through strategic means, a Lighthouse Network spokesman said. Isaacman said in a press …

July, 2017

  • 26 July

    USA Technologies Raises $43.1 Million and other Digital Transactions News briefs

    Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …

  • 24 July

    Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium

    In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …

  • 5 July

    Aiming for Global Scale, Vantiv Agrees to Buy Worldpay for $9.9 Billion

    In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two …

June, 2017

  • 2 June

    In Yet Another ISV Play, GTCR Buys Sage Payment Solutions for $260 Million

    Finally, the rumors can stop. Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, has been sold to GTCR LLC, a Chicago-based private-equity firm, for $260 million, GTCR announced Friday. Reports of a possible sale of the company, which counts approximately 100,000 merchants in its portfolio, originally surfaced …

May, 2017

April, 2017

  • 26 April

    Vantiv Buys Paymetric and other Digital Transactions News briefs

    • Processor Total System Services Inc. (TSYS) reported its revenues grew 60.2% year-over-year in the first quarter, to $1.2 billion from $739.4 million. Net income attributable to common shareholders was $105.9 million, up 16.8% from $90.6 million. For 2017, the company is raising its total revenue and net revenue guidance by …

  • 12 April

    Ant Financial Sets ‘The Record Straight’ About Its Fight With Euronet for MoneyGram

    China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …