M&A Deal Summary |
|
|---|---|
| Date | 2017-12-18 |
| Target | Cayan |
| Sector | Financial Services |
| Buyer(s) | TSYS |
| Sellers(s) | Parthenon Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
| Advisor(s) | Financial Technology Partners - FT Partners (Financial) Kirkland & Ellis (Legal) |
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| Category | Company |
|---|---|
| Founded | 1982 |
| Sector | Information Technology |
| Employees | 13,000 |
| Revenue | 4.0B USD (2018) |
TSYS is a provider of payment services, offering secure solutions to empower commerce across all channels. TSYS supports financial institutions, businesses, and governments in more than 80 countries. TSYS was formed in 1982 and is based in Columbus, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector (Financial Services) | 2 of 2 |
| Type (Add-on Acquisition) | 6 of 7 |
| State (Massachusetts) | 1 of 1 |
| Country (United States) | 9 of 10 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-26 |
TransFirst
Hauppauge, New York, United States TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies. |
Buy | $2.4B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-07 |
iMobile3
Jacksonville, Florida, United States iMobile3 LLC is a provider of products and valued added technology services to the payments industry. iMobile3 is based in Jacksonville, Florida. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| PE ASSETS | 5.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Parthenon Capital is a private equity firm focused on investing in service-based businesses with recurring revenues, defensible niches and competitive advantages. Parthenon looks for businesses valued between $75 and $750 million operating in sectors that include business services, financial services, manufacturing, technology-enabled services, and distribution/logistics. Prospective transaction types include recapitalizations, management buyouts, acquisitions, privatizations, and growth capital financings. Parthenon Capital was formed in 1998 and has offices in Boston, Massachusetts and San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 34 |
| Sector (Financial Services) | 3 of 7 |
| Type (Add-on Acquisition) | 10 of 15 |
| State (Massachusetts) | 4 of 5 |
| Country (United States) | 21 of 34 |
| Year (2017) | 3 of 3 |
| Size (of disclosed) | 2 of 9 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-10-10 |
ICD
San Francisco, California, United States ICD is an institutional trading and investment risk management. ICD's next-generation Software-as-a-Service portal, best practices methodologies and award-winning transparency plus exposure analytics, support corporate treasury with end-to-end solutions. The ICD Global Trade Desk provides expert service out of its Boston offices. ICD was founded in 2003 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-11 |
BirchStreet Systems
Newport Beach, California, United States BirchStreet Systems is a cloud-based technology provider for the hospitality industry. BirchStreet software focuses on improving business processes by automating eProcurement, AP Automation, Inventory Control, Recipe Management System, Capital Projects and Executive Dashboard modules. BirchStreet Systems was founded in 2002 and is based in Newport Beach, California. |
Buy | - |
