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Transactions / P•••••••• N••• i••• T•••••••••

P•••••••• N••• i••• T••••••••• Receives Investment from S••••••• E•••••

Growth investmentannouncedannouncement date unknownFact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
unknown
Target location
unknown
Seller kind
unknown
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
  • “iPay is one of the leading technology vendors to the banking industry, and we are excited to be involved in the next chapter of the company’s history,” said M•••••• K•••••••, managing director of S••••••• E••••• Investors.
  • “iPay has a reputation for providing unparalleled levels of service to financial institutions of all sizes,” said B••••••• S••••, principal at S••••••• E••••• Investors.
  • P•••••••• N••• i••• T••••••••• Receives Investment from S••••••• E••••• | published on S••••••• E•••••'s own news page www.spectrumequity.com
Financing side
  • C•• L•••••• S•••••••Lenderconfirmed
    iPay was advised on the transaction by William Blair & Company and debt financing was provided by C•• L•••••• S•••••••.
Side not stated
Evidence
P•••••••• N••• i••• T••••••••• Receives Investment from S••••••• E•••••
P•••••••• N••• i••• T••••••••• Receives Investment from S••••••• E••••• | Private Equity Intelligence | DFX