M&A Deal Summary

Global Payments Acquires Zego

On May 4, 2021, Global Payments acquired information technology company Zego from Vista Equity Partners for 925M USD

Acquisition Highlights
  • This is Global Payments’ 9th transaction in the Information Technology sector.
  • This is Global Payments’ 5th largest (disclosed) transaction.
  • This is Global Payments’ 11th transaction in the United States.
  • This is Global Payments’ 3rd transaction in California.

M&A Deal Summary
Date 2021-05-04
Target Zego
Sector Information Technology
Buyer(s) Global Payments
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 925M USD

Target

Zego

San Diego, California, United States
Zego is a payments technology and resident engagement platform for the residential real estate industry that unifies critical resident touchpoints into one app. The Company’s mobile-first platform delivers portfolio-wide efficiency, higher NOI and more engaged residents by seamlessly integrating payment, billing and utility expense management capabilities with a proprietary resident engagement and communication portal. Zego also provides smart home device functionality. Zego serves 6,000 residential real estate companies and over 12 million units nationwide. Zego was founded in 2003 and is based in San Diego, California.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Global Payments

Atlanta, Georgia, United States
Category Company
Founded 1967
Sector Financial Services
Employees27,000
Revenue 9.7B USD (2023)
DESCRIPTION
View of Global Payments' corporate headquarters in Atlanta, Georgia.
View of Global Payments' corporate headquarters in Atlanta, Georgia.

Global Payments is a worldwide provider of payment technology services. The Company's payment solutions enables merchant customers to accept card, electronic, check and digital-based payments at the point of sale. Global Payments' primary business model provides payment services directly to merchants as customers. Global Payments was founded in 1967 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 18 of 20
Sector (Information Technology) 9 of 10
Type (Add-on Acquisition) 17 of 19
State (California) 3 of 3
Country (United States) 11 of 13
Year (2021) 1 of 2
Size (of disclosed) 5 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-18 TSYS

Columbus, Georgia, United States

TSYS is a provider of payment services, offering secure solutions to empower commerce across all channels. TSYS supports financial institutions, businesses, and governments in more than 80 countries. TSYS was formed in 1982 and is based in Columbus, Georgia.

Buy $21.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-08 MineralTree

Waltham, Massachusetts, United States

MineralTree is a provider of accounts payable and payment automation solutions for middle-market businesses. More than 2,000 mid-market and mid-enterprise companies, as well as more than 25 financial institutions, rely on MineralTree to digitize and optimize the entire AP Automation and Payments process, preserving control over the complete invoice-to-payment workflow, improving vendor relationships, maximizing ROI, and transforming the finance function from a cost center to a profit center. MineralTree was founded in 2010 and is based in Waltham, Massachusetts.

Buy $500M

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 52 of 70
Sector (Information Technology) 9 of 10
Type (Add-on Acquisition) 24 of 35
State (California) 5 of 7
Country (United States) 48 of 65
Year (2021) 6 of 15
Size (of disclosed) 10 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-23 Aspira

Dallas, Texas, United States

Aspira is a provider of cloud-based reservation and licensing technologies to public and private campgrounds as well as federal, state, provincial and government park and conservation agencies, conveniently connecting them with outdoor adventure seekers from around the world. Aspira was founded in 1984 and is based in Dallas, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Advicent Solutions

Milwaukee, Wisconsin, United States

Advicent Solutions is a provider of SaaS-based technology solutions for the financial advice and planning industry. Advicent Solutions’ products include web-enabled marketing communications, needs assessment, and financial planning tools, and are used by more than 250,000 financial professionals across more than 2,700 customers. Small and medium-sized businesses and some of the world’s largest financial institutions trust Advicent’s products to help grow their business. Advicent Solutions was founded in 1995 and is based in Milwaukee, Wisconsin.

Sell -
Mergr

Product

Company

Legal