M&A Deal Summary

GT Nexus Acquires TradeCard

On January 7, 2013, GT Nexus acquired financial services company TradeCard from Warburg Pincus

Acquisition Highlights
  • This is GT Nexus’ 1st transaction in the Financial Services sector.
  • This is GT Nexus’ 1st transaction in the United States.
  • This is GT Nexus’ 1st transaction in New York.

M&A Deal Summary

Date 2013-01-07
Target TradeCard
Sector Financial Services
Buyer(s) GT Nexus
Sellers(s) Warburg Pincus
Deal Type Merger

Target

TradeCard

New York City, New York, United States
TradeCard provides on-demand financial supply chain products to top retailers, brands and manufacturers. By connecting these buyers online with their domestic and international suppliers, TradeCard automates the processes from procurement through payment. Corporate Financing Managers can gain access to TradeCard's suite of integrated financial products that reduce working capital and capture payment discounts, while TradeCard's compliance scorecards and chargeback management tools help procurement chiefs to optimize supplier performance.

Search 214,356 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

GT Nexus

Oakland, California, United States

Category Company
Sector Internet Software and Services
DESCRIPTION

GT Nexus, Inc. provides cloud-based services, or software hosted on the remote servers, that allow companies to manage inventory and orders, and help companies communicate up and down the supply chain.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 79 of 263
Sector: Financial Services M&A 4 of 20
Type: Merger M&A Deals 3 of 13
State: New York M&A 4 of 13
Country: United States M&A 50 of 148
Year: 2013 M&A 1 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Pet Center

São Paulo, Brazil

Pet Center is a specialist pet retailer of pet food, accessories, pets, and services, including veterinary and grooming centers, that offers a large store format experience for its customers. Pet Center was formed in 2002 and is based in São Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-12 Alliance Tire Group B.V.

Hadera, Israel

Alliance Tire Group B.V. is a Manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery. ATG has developed a highly specialized business in the manufacture and sale of tires for agricultural, industrial, construction and forestry machinery. ATG sells radial and bias tires for the aforementioned types of vehicles in 120 countries around the world, with a focus on the North American and European markets.

Sell $650M