Buyout (LBO, MBO, MBI) • Information Technology

GCP Capital Partners and Performance Equity Management Acquire Complete Merchant Solutions

On April 12, 2016, merchant bank GCP Capital Partners and private equity firm Performance Equity Management acquired information technology company Complete Merchant Solutions

Acquisition Context
  • This is GCP Capital Partners’ 2nd and Performance Equity Management’s 1st transaction in the Information Technology sector.
  • This is GCP Capital Partners’ 35th and Performance Equity Management’s 2nd transaction in the United States.
  • This is GCP Capital Partners’ 1st and Performance Equity Management’s 1st transaction in Utah.

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M&A Deal Summary

Date April 12, 2016
Target Complete Merchant Solutions
Sector Information Technology
Buyer(s) GCP Capital Partners
Performance Equity Management
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Complete Merchant Solutions

Orem, Utah, United States
Complete Merchant Solutions is a full-service electronic payments solutions provider. The company facilitate electronic payment processing for all major Credit & Debit cards; Gift & Loyalty cards; ACH, Remote Deposit Capture as well as other non-cash payment methods. Complete Merchant Solutions was founded in 2008 and is based in Orem, Utah.
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Buyers Overview 2

Buyer

GCP Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Merchant Bank
Founded 2000
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GCP Capital Partners consists of GCP US, GCP Europe, and GCP Venture. GCP US targets North American acquisitions. The unit looks to invest $10 to $50 million in businesses valued up to $500 million. GCP Europe targets businesses in the UK and Europe. The European team looks to invest up to £40 million in companies valued up to £100 million. Sectors of interest include business services, education, energy, financial services, insurance and telecommunications.


Deal Context for Buyer #
Overall 37 of 45
Sector: Information Technology 2 of 2
Type: Buyout (LBO, MBO, MBI) 21 of 22
State: Utah 1 of 1
Country: United States 35 of 43
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-07 Radius Bancorp

Boston, Massachusetts, United States

Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts.

Buy $63M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-11 Stroz Friedberg

New York, New York, United States

Stroz Friedberg is a specialized risk management firm built to help clients solve the complex challenges prevalent in today’s digital, connected and regulated business world. A global leader in cyber security with leading experts in digital forensics, incident response and security science; investigations; eDiscovery and due diligence, Stroz Friedberg works to maximize the health of an organization, ensuring its longevity, protection and resilience. Stroz Friedberg currently serves Fortune 100 companies, 80 percent of the AmLaw 100 and the Top 20 UK law firms.

Sell -
Buyer
DESCRIPTION

Performance Equity Management is a global private equity and asset management firm focused on opportunities in the US, Europe, Asia Pacific, and emerging markets. The Firm generally pursues fund investments but will also participate in select direct or co-investment opportunities. Performance Equity Management was established in 2005 and is headquartered in Greenwich, Connecticut.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Buyout (LBO, MBO, MBI) 2 of 2
State: Utah 1 of 1
Country: United States 2 of 2
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-30 Eos Fitness

Dallas, Texas, United States

Eos Fitness is a fitness club chain offering a full range of fitness club amenities, including cardio and strength-training equipment, personal training, group exercise, spinning, cardio theaters, women’s-only rooms, locker rooms, saunas, steam rooms, child care, and 24-hour access. Eos Fitness was formed in 1985 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-12 Eos Fitness

Dallas, Texas, United States

Eos Fitness is a fitness club chain offering a full range of fitness club amenities, including cardio and strength-training equipment, personal training, group exercise, spinning, cardio theaters, women’s-only rooms, locker rooms, saunas, steam rooms, child care, and 24-hour access. Eos Fitness was formed in 1985 and is based in Dallas, Texas.

Sell -