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  6. Synovus Invests In Qualpay

Investment Summary

Synovus Invests In Qualpay

On April 21, 2022, Synovus invested in internet software and services company Qualpay

Investment Highlights
  • This is Synovus’ 1st transaction in the Internet Software and Services sector.
  • This is Synovus’ 9th transaction in the United States.
  • This is Synovus’ 1st transaction in California.

Investment Summary
Date 2022-04-21
Target Qualpay
Sector Internet Software and Services
Investor(s) Synovus
Deal Type Stake Purchase
Advisor(s) Nomura Investment Bank (Financial)
Wilson Sonsini Goodrich & Rosati (Legal)

Target

Qualpay

San Mateo, California, United States
Qualpay is a provider of a cloud-based platform that combines a payment gateway with robust merchant processing solutions, which allows merchants and independent software vendors (ISVs) to easily integrate payments into their software or websites. Qualpay was founded in 2014 and is based in San Mateo, California.

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Investor(S) 1

Investor

Synovus

Columbus, Georgia, United States
Category Company
Founded 1888
Sector Financial Services
Employees4,732
Revenue 2.0B USD (2024)
DESCRIPTION

Synovus is a financial services company with approximately $27 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus was founded in 1888 and is based in Columbus, Georgia.

DEAL STATS #
Overall 9 of 9
Sector: Internet Software and Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 9 of 9
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-24 Florida Community Bank

Bonita Springs, Florida, United States

FCB Financial Holdings, Inc. is a provider of financial services to individuals, businesses and communities across the state with 50 full-service banking centers from east to west, and from Daytona Beach to Miami-Dade.

Buy $2.9B
Mergr

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