M&A Deal Summary

Acquires JetPay

On October 22, 2018, acquired internet software and services company JetPay from Flexpoint Ford for 184M USD

Acquisition Highlights
  • This is transaction in the Internet Software and Services sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Pennsylvania.

M&A Deal Summary
Date 2018-10-22
Target JetPay
Sector Internet Software and Services
Sellers(s) Flexpoint Ford
Deal Type Add-on Acquisition
Deal Value 184M USD
Advisor(s) Financial Technology Partners
FTP Securities LLC (FT Partners) (Financial)
Dechert (Legal)

Target

JetPay

Berwyn, Pennsylvania, United States
website
JetPay Corp. is a provider of payment services with solutions for credit card processing, payroll processing, and prepaid cards, all designed to meet our customers'specific business needs. JetPay was formed in 2012 and is based in Berwyn, Pennsylvania.

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Seller(S) 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 15 of 21
Sector (Internet Software and Services) 1 of 2
Type (Add-on Acquisition) 8 of 12
State (Pennsylvania) 1 of 1
Country (United States) 15 of 21
Year (2018) 3 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 MobilityWorks

Richfield, Ohio, United States

MobilityWorks is a provider of wheelchair accessible vehicles and other accessibility products. MobilityWorks offers adaptive vehicles and accessibility solutions to customers from over 90 locations across 31 states. MobilityWorks serves people with disabilities through wheelchair accessible minivans, full-size vans with lifts, and commercial fleet vehicles. MobilityWorks was founded in 1997 and is based in Richfield, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Lime Light CRM

San Francisco, California, United States

Lime Light CRM, Inc. operates an electronic transaction gateway (i.e., data interchange) for transacting customer payments made to merchants via cards (credit cards, debit cards, prepaid cards, PayPal transactions, ACH, etc.). The Company focuses specifically on e-commerce payments made via mobile devices. Lime Light CRM was formed in 2008 and is based in San Francisco, California.

Buy -
Mergr

Product

Company

Legal