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Transactions / T••••••••• N•••••• S•••••••

M••••••••• to acquire TNS’ payment gateway business

Exit to a strategic buyerannouncedannounced Nov 6, 2014Fact
What happened
Platform
not an add-on on record
Control
unknown
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
5 named
Buy side
Sell side
  • T••••••••• N•••••• S••••••• (TNS), a portfolio company of S•••• Capital Group since February 2013, has entered into an agreement to sell its Payment Gateway Services business to MasterCard for an undisclosed sum. | published on S•••• Capital's own news page www.siris.com
Advisory side
  • S•••••• T•••••• • B••••••• L••Legal adviserconfirmed
    Morgan Stanley & Co. LLC, Moelis & Company, and Evercore Partners Inc. are acting as financial advisors and S•••••• T•••••• • B••••••• L•• is acting as legal advisor to TNS in connection with the transaction.
Side not stated
Evidence
M••••••••• to acquire TNS’ payment gateway business
M••••••••• to acquire TNS’ payment gateway business | Private Equity Intelligence | DFX