M&A Deal Summary

Corsair Capital Acquires Aurora Payments

On January 4, 2022, private equity firm Corsair Capital acquired internet software and services company Aurora Payments

Acquisition Highlights
  • This is Corsair Capital’s 2nd transaction in the Internet Software and Services sector.
  • This is Corsair Capital’s 11th transaction in the United States.
  • This is Corsair Capital’s 1st transaction in Arizona.

M&A Deal Summary
Date 2022-01-04
Target Aurora Payments
Sector Internet Software and Services
Buyer(s) Corsair Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Leonis Partners (Financial)
Honigman (Legal)

Target

Aurora Payments

Tempe, Arizona, United States
Aurora Payments is a full-service payment solutions provider for small and medium sized businesses (SMBs) across a variety of industries. Aurora Payments was founded in 2005 and is based in Tempe, Arizona.

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Buyer(S) 1

Buyer

Corsair Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
Size Large
Type Sector Focused
DESCRIPTION

Corsair Capital is a private investment firm focused on investments in the financial services industry. Specific areas of interest include banks, insurance companies, credit card specialists, asset managers, private banks, mortgage lenders, financial technology firms, and finance companies. The Firm looks to invest between $50 to $100 million in companies with proven business models and 'meaningful' barriers to entry. Corsair will consider opportunities around the world, including the US, Europe, Latin America, and Asia. Prospective transactions include recapitalizations, growth capital financings, management buyouts, and special/distressed situations. Corsair Capital was originally established in 1992 and is based in New York City. Corsair has an additional office in London.

DEAL STATS #
Overall 25 of 26
Sector (Internet Software and Services) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 11
State (Arizona) 1 of 1
Country (United States) 11 of 12
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 IDIQ

Temecula, California, United States

IDIQ provides credit reporting, identity theft, and dark web monitoring, identity restoration, and related family protection services in the rapidly evolving $20 billion consumer identity monitoring market. IDIQ was founded in 2009 and is based in Temecula, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-10 RGI Group

Milan, Italy

RGI Group is an Independent Software Vendor, a European leader in the digital transformation of Insurers. RGI Group has been committed for more than 30 years to the Insurance industry. RGI Group was founded in 1987 and is based in Milan, Italy.

Sell -
Mergr

Product

Company

Legal