M&A Deal Summary

GTCR Acquires Paya

On June 2, 2017, private equity firm GTCR acquired financial services company Paya from Sage for 202M GBP

Acquisition Highlights
  • This is GTCR’s 7th transaction in the Financial Services sector.
  • This is GTCR’s 13th largest (disclosed) transaction.
  • This is GTCR’s 96th transaction in the United States.
  • This is GTCR’s 5th transaction in Georgia.
Investment Fate
  • Paya went public in 2020.
  • Paya was sold to a strategic buyer in 2023 for 1.3B USD.

M&A Deal Summary
Date 2017-06-02
Target Paya
Sector Financial Services
Buyer(s) GTCR
Sellers(s) Sage
Deal Type Divestiture
Deal Value 202M GBP

Target

Paya

Dunwoody, Georgia, United States
Paya is a provider of payment processing and merchant-acquiring solutions in North America. The company provides credit card, ACH, check, gift, and loyalty card processing services to small and medium-sized businesses in the United States and Canada. Paya's payment solutions integrate with merchants' business management software solutions and enable them to securely accept electronic payments through multiple channels, including card-present, e-commerce, and mobile. Through the Company's EFT subsidiary, Paya offers specialized ACH processing services to merchants, processors, and other businesses. It serves a diversified client base of approximately 100,000 SMBs including healthcare providers, non-profit and faith-based organizations, and accounting software companies. Paya is based in Dunwoody, Georgia.

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Buyer(S) 1

Buyer

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 100 of 142
Sector (Financial Services) 7 of 11
Type (Divestiture) 8 of 12
State (Georgia) 5 of 8
Country (United States) 96 of 137
Year (2017) 3 of 7
Size (of disclosed) 13 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Regatta Medical

Bannockburn, Illinois, United States

Regatta Medical mission is to build a major company in the medical device industry by acquiring outstanding medical device products and services businesses. Regatta Medical was founded in 2017 and is based in Bannockburn, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Curia

Albany, New York, United States

Curia is a provider of global contract research and manufacturing services to the pharmaceutical and biotechnology industries. The company's services include drug discovery, such as medicinal chemistry, discovery biology, and in vitro ADME, development, such as pre-formulation, formulation and validation and manufacturing, such as CGMP API manufacturing. Curia was founded in 1991 and is based in Albany, New York.

Buy -

Seller(S) 1

SELLER

Sage

Newcastle upon Tyne, United Kingdom
Category Company
Founded 1981
Sector Software
Employees11,647
Revenue 2.2B GBP (2023)
DESCRIPTION
Sage office in Reston, Virginia.
Sage office in Reston, Virginia.

Sage provides business management software and services for small and medium-sized businesses. Sage was founded in 1981 and is based in Newcastle upon Tyne, the United Kingdom.

DEAL STATS #
Overall 8 of 11
Sector (Financial Services) 1 of 1
Type (Divestiture) 8 of 11
State (Georgia) 1 of 1
Country (United States) 4 of 5
Year (2017) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-10 The Sage Group - Sage HRMS

Tyne, United Kingdom

The Sage Group plc - Sage HRMS (Abra) is a provider of HRMS software solutions to companies in the North East.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Intacct

San Jose, California, United States

Intacct Corp. is a provider of cloud financial management and accounting applications for businesses and CPA firms. Intacct Corp. was founded in 1999 and is headquartered in San Jose, California.

Buy $850M
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