M&A Deal Summary

TSYS Acquires TransFirst

On January 26, 2016, TSYS acquired information technology company TransFirst from Vista Equity Partners for 2.4B USD

Acquisition Highlights
  • This is TSYS’s 2nd transaction in the Information Technology sector.
  • This is TSYS’s largest (disclosed) transaction.
  • This is TSYS’s 8th transaction in the United States.
  • This is TSYS’s 2nd transaction in New York.

M&A Deal Summary

Date 2016-01-26
Target TransFirst
Sector Information Technology
Buyer(s) TSYS
Sellers(s) Vista Equity Partners
Deal Type Add-on Acquisition
Deal Value 2.4B USD
Advisor(s) Credit Suisse Investment Banking
J.P. Morgan Securities (Financial)
Kirkland & Ellis (Legal)

Target

TransFirst

Hauppauge, New York, United States
website
TransFirst LLC is a provider of secure transaction processing services and payment enabling technologies.

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Buyer(S) 1

Buyer

TSYS

Columbus, Georgia, United States

website


Category Company
Founded 1982
Sector Information Technology
Employees13,000
Revenue 4.0B USD (2018)
DESCRIPTION

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 8 of 10
Sector (Information Technology) 2 of 4
Type (Add-on Acquisition) 5 of 7
State (New York) 2 of 2
Country (United States) 8 of 10
Year (2016) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 NetSpend Holdings

Austin, Texas, United States

NetSpend Holdings, Inc. is a provider of reloadable prepaid debit cards and related financial services.

Buy $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-18 Cayan

Boston, Massachusetts, United States

Cayan LLC is a provider in payment solutions and merchant services. Cayan enables merchants, developers and resellers to deliver current and emerging payment solutions. Cayan was founded in 1998 and is based in Boston, Massachusetts.

Buy $1.1B

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.


DEAL STATS #
Overall 28 of 70
Sector (Information Technology) 4 of 10
Type (Add-on Acquisition) 13 of 35
State (New York) 2 of 7
Country (United States) 25 of 65
Year (2016) 2 of 3
Size (of disclosed) 4 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Sovos Compliance

Wilmington, Massachusetts, United States

Sovos Compliance is a provider of software that safeguards businesses from the burden and risk of modern transactional taxes. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance is based in Wilmington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Quickbase

Cambridge, Massachusetts, United States

Quickbase provides a cloud-based platform that empowers problem solvers to quickly turn ideas for better ways to work into apps that make their organizations more efficient. Quickbase was founded in 1999 and is based in Cambridge, Massachusetts.

Buy -