M&A Deal Summary

PayLink Direct Acquires Omnisure Group

On May 11, 2017, PayLink Direct acquired financial services company Omnisure Group from Fortress

Acquisition Highlights
  • This is PayLink Direct’s 1st transaction in the Financial Services sector.
  • This is PayLink Direct’s 1st transaction in the United States.
  • This is PayLink Direct’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-05-11
Target Omnisure Group
Sector Financial Services
Buyer(s) PayLink Direct
Sellers(s) Fortress
Deal Type Merger

Target

Omnisure Group

Chicago, Illinois, United States
Omnisure Group is a specialty finance company and customized payment plan provider for vehicle and home service contracts. Omnisure Group was formed in 2010 and based in Chicago, Illinois.

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Buyer(S) 1

Buyer

PayLink Direct

Chicago, Illinois, United States

Category Company
Founded 2006
Sector Financial Services
DESCRIPTION

PayLink Direct is a provider of payment financing and processing services to facilitate the sale of vehicle service contracts. PayLink specializes in partnering with VSC providers to offer financial and payment processing solutions to purchasers of VSCs, also known as extended warranty contracts. PayLink Direct was founded in 2006 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Fortress

New York, New York, United States

Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 19 of 27
Sector: Financial Services M&A 8 of 11
Type: Merger M&A Deals 1 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 14 of 20
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-02 Litify

New York, New York, United States

Litify is a software platform for managing law firms. Litify’s software is designed specifically to allow law firms to have far greater insights and transparency into their operations. The software improves law firm efficiency by providing an intuitive and streamlined platform for intakes, referrals, case management, and internal and external communication. Built on top of the Salesforce.com platform, Litify leverages the power of Salesforce with custom applications tailored specifically for the legal industry. Litify is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-07 Logan Circle Partners

Philadelphia, Pennsylvania, United States

Logan Circle Partners LP is an institutionally-focused, fundamental research-based investment manager providing clients actively managed investment solutions across a broad spectrum of fixed income strategies.

Sell $250M