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Private Equity Intelligence
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Transactions / Smartlink
Thompson Street Capital Partners' Portfolio Company EchoSat Acquires the SmartLink™ Division of Heartland Payment Systems
Add-on acquisitionclosedadd-onannounced Dec 31, 2015closed Dec 31, 2015Fact
What happened
- Target
- Smartlink
- Platform
- EchoSatadd-on basis: Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.
- Control
- Control
- Share acquired
- unknown
- Industry
- unknown
- Target location
- unknown
- Seller kind
- Sponsor
- Rollover
- unknown
Values, only where disclosed
- Enterprise value
- Not disclosed
- Purchase price
- Not disclosed
- Equity value
- Not disclosed
- Target revenue
- Not disclosed
- Target EBITDA
- Not disclosed
- Multiple
- Not disclosed
Parties and roles
6 named
Buy side
- “Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.”
- “Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.”
Sell side
- “Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.”
Side not stated
- “Mark Carl, CEO of EchoSat said, “EchoSat has been a partner and supplier of Heartland, providing the core of the Heartland SmartLink secure payments solution since its inception in 2010.”
- ““We are excited about acquiring the SmartLink division of Heartland and the increased scale this transaction adds to EchoSat,” said Tom Wimsett, Chairman of EchoSat and a 30-year veteran of the payments industry.”
- “Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.”
Evidence
“Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has announced that its portfolio company EchoSat has acquired the SmartLink™ division of Heartland Payment Systems, one of the nation’s largest payment processors.”
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