M&A Deal Summary

Worldpay UK Acquires SecureNet Payment Systems

On November 11, 2014, Worldpay UK acquired internet software and services company SecureNet Payment Systems from Sterling Partners Private Equity

Acquisition Highlights
  • This is Worldpay UK’s 1st transaction in the Internet Software and Services sector.
  • This is Worldpay UK’s 3rd transaction in the United States.
  • This is Worldpay UK’s 1st transaction in Maryland.

M&A Deal Summary

Date 2014-11-11
Target SecureNet Payment Systems
Sector Internet Software and Services
Buyer(s) Worldpay UK
Sellers(s) Sterling Partners Private Equity
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)
Katten Muchin Rosenman (Legal)

Target

SecureNet Payment Systems

Rockville, Maryland, United States
SecureNet is a provider in multi-channel commerce technology and has pioneered the payment industry’s only cloud-based solution that seamlessly integrates point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants. The company’s sophisticated single stack of payment APIs and flexible architecture allows integration for all types of transactions, in all development languages, across all channels.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Worldpay UK

Cambridge, United Kingdom

Category Company
Founded 1993
Sector Financial Services
DESCRIPTION

WorldPay is a provider of single card and non-card electronic payment processing services to businesses. Worldpay provides an extensive range of technology-led payment products and services to around 400,000 customers, enabling their businesses to grow and prosper. Worldpay manages the increasing complexity of the payments landscape for its customers, allowing them to accept the widest range of payment types around the world. Using its network and technology, Worldpay is able to process payments across 146 countries and 126 currencies. Worldpay helps its customers to accept more than 300 different payment types.


DEAL STATS #
Overall 3 of 3
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
State: Maryland M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2014 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Pazien

Boston, Massachusetts, United States

Pazien is creating products that simplify and demystify the payments ecosystem, which is becoming more complicated for businesses of all sizes around the globe to understand and manage. From selecting the optimal payment ecosystem partners and products for their business to maximizing the value of those solutions, the Pazien platform will ensure merchants efficiently and effectively leverage the payment ecosystem in a manner that previously has only been achievable by those companies willing and able to make large investments in payments operations.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $35 to $150 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.


DEAL STATS #
Overall 26 of 51
Sector: Internet Software and Services M&A 1 of 4
Type: Add-on Acquisition M&A Deals 18 of 34
State: Maryland M&A 8 of 9
Country: United States M&A 26 of 49
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-10 Results Physiotherapy

Nashville, Tennessee, United States

Results Physiotherapy is a physical therapy company in the U.S., operating a network of over 200 clinics in nine states and treating more than 125,000 patients annually. The company prides itself on its commitment to clinical excellence through employee training and clinical emphasis on individualized treatment through manual therapy, exercise, and education, ensuring evidence-based care for each patient. Results Physiotherapy was formed in 1996 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-12 Centerre Healthcare

Brentwood, Tennessee, United States

Centerre Healthcare is a provider of physical rehabilitation. Centerre Healthcare has the experience and resources to create highly successful rehabilitation hospitals while meeting the clinical and financial requirements of its partner hospitals.

Sell $195M