M&A Deal Summary

BharCap Partners and Bain Capital Credit Acquire Electronic Merchant Systems

On August 19, 2024, private equity firm BharCap Partners and lender Bain Capital Credit acquired information technology company Electronic Merchant Systems

Acquisition Highlights
  • This is BharCap Partners’ 1st and Bain Capital Credit’s 2nd transaction in the Information Technology sector.
  • This is BharCap Partners’ 5th and Bain Capital Credit’s 5th transaction in the United States.
  • This is BharCap Partners’ 1st and Bain Capital Credit’s 1st transaction in Ohio.

M&A Deal Summary
Date 2024-08-19
Target Electronic Merchant Systems
Sector Information Technology
Buyer(s) BharCap Partners
Bain Capital Credit
Deal Type Buyout (LBO, MBO, MBI)

Target

Electronic Merchant Systems

Cleveland, Ohio, United States
Electronic Merchant Systems has helped small to mid-sized business owners realize their full potential and grow their financial well-being. With offices in more than 50 U.S. cities—servicing tens of thousands of retail, internet, and start-up businesses nationwide. By providing an innovative suite of business solutions and high-quality service, EMS has become a leading provider of payment processing and merchant services. Electronic Merchant Systems founded in 1988 and headquartered in Cleveland, Ohio,

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Buyer(S) 2

Buyer

BharCap Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BharCap Partners is a private equity firm focused on investments in the financial services industry. The Firm typically invests between $50 and $350 million per transaction in companies with EBITDA of $5 to $50 million. Specific areas of interest include wealth and asset management, insurance, financial technology, specialty finance, and tech-enabled business services. BharCap Partners was established in 2021 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 5 of 5
Sector (Information Technology) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-22 Red Oak Inventory Finance

Alpharetta, Georgia, United States

Red Oak Inventory Finance specializes in providing inventory financing solutions to businesses across a variety of industries. Red Oak Inventory Finance is based in Alpharetta, Georgia.

Buy -
Buyer

Bain Capital Credit

Investor Investor Investor Investor Investor

Category Lender
Founded 1998
PE ASSETS 43.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Credit is a provider of credit, lending, and other related investment strategies. The Firm's private credit group looks to fund profitable middle-market businesses with $10 to $150 million of EBITDA. Bain Capital Credit is sector agnostic and will consider opportunities throughout North America, Europe, and Australia/New Zealand. Bain Capital Credit was founded in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 11 of 11
Sector (Information Technology) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Ohio) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Legacy Corporate Lending

Plano, Texas, United States

Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $40 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy Corporate Lending is based in Plano, Texas.

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