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Investment Summary

Teakwood Capital Exits iiPay

On May 7, 2025, Vistra Group invested in internet software and services company iiPay from Teakwood Capital

Investment Highlights
  • This is Vistra Group’s 1st transaction in the Internet Software and Services sector.
  • This is Vistra Group’s 3rd transaction in the United States.
  • This is Vistra Group’s 1st transaction in Texas.

Investment Summary
Date 2025-05-07
Target iiPay
Sector Internet Software and Services
Investor(s) Vistra Group
Sellers(s) Teakwood Capital
Deal Type Add-on Acquisition

Target

iiPay

Dallas, Texas, United States
iiPay is an operator of cloud-based payroll company delivering global technology solutions to domestic and multi-national businesses. The company's fully managed service delivers accurate and compliant payrolls in all regions of the world. The system provides clients with instant access to all payroll data, global reporting and E-pay slips from a single, central system. It provides a centralised global E-payslip service, delivering to employees detailed E-Payslips from a common system, irrespective of provider or local payroll system. iiPay was founded in 2003 and is based in Dallas, Texas.

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Investor(S) 1

Investor

Vistra Group

Hong Kong, China
Category Company
Sector Financial Services
DESCRIPTION

Vistra Group is a provider of international incorporations, trust, fiduciary and fund administration services. Vistra Group is based in Hong Kong, China.

DEAL STATS #
Overall 19 of 19
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 13
State: Texas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-05 Phoenix American - Fund Administration & Transfer Agent Business

Larkspur, California, United States

Phoenix American's Fund Administration & Transfer Agent Business provides strong capability, product knowledge and an expert team supporting publicly-registered Reg D, Reg A and Reg CF funds and other wealth advisor marketed funds.

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Seller(S) 1

SELLER

Teakwood Capital

Coppell, Texas, United States
Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Teakwood Capital is a private investment firm that invests in profitable, Southern-US based companies with up to $25 million in revenue. Teakwood generally seeks to fund growth capital needs and management buyouts, and seeks to commit at least $2 million of equity per transaction. Teakwood will not invest in early-stage financings, energy exploration, restaurants, or real estate, but the Firm will consider both control and non-control investment situations. Teakwood Capital was formed in 2005 and is based in Dallas, Texas.

DEAL STATS #
Overall 10 of 10
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 6
State: Texas M&A 8 of 8
Country: United States M&A 10 of 10
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Stratfor Enterprises

Austin, Texas, United States

Stratfor Enterprises LLC is a geopolitical intelligence platform, Stratfor brings valuable context to global events, empowering businesses, governments, and individuals to more confidently navigate their way through an increasingly complex international environment. By leveraging a deep understanding of history, politics, and geography in conjunction with our unique methodology, Stratfor delivers informed perspectives on today’s events and develops a more accurate view of the future.

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