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Transactions / F•••••• H•••••••• I•••

P••••••• T••••••••• H•••••••• I••• to Acquire F•••••• to Create the Premier Payments and Banking as a Service Platform

Exit to a strategic buyerannouncedannounced Mar 8, 2021Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
financial_services / banking, payments
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
8 named
Buy side
Sell side
  • “S•••• P•••• has an exceptional track record of success as a financial services investor; their ongoing participation will be tremendously valuable to our growing enterprise.” | published on S•••• P•••• Capital's own news page www.stonepoint.com
Advisory side
  • T••••• S•••••••••Financial adviserconfirmed
    T••••• S••••••••• served as financial advisor to F•••••• and Kramer Levin Naftalis & Frankel LLP served as its legal counsel.
  • S•••••• R••• • Z•••• L••Legal adviserconfirmed
    S•••••• R••• & Z•••• served as legal counsel to P•••••••.
  • C•••• I•••Placement agentconfirmed
    C•••• served as sole placement agent in connection with the preferred equity investment by Ares Management.
Side not stated
  • “Combining with P••••••• accelerates our original vision to be a disruptive technology in the convergence of payments and banking as a service,” said S••••• G••••, Founder and Chief Executive Officer of F••••••.
  • T•• P•••••Managementconfirmed
    “The F•••••• acquisition accelerates P•••••••’s position as a market leader in the convergence of payments and banking as a service” said T•• P•••••, Chairman and Chief Executive Officer of P•••••••.
  • P••••••• T••••••••• H•••••••• I••• to Acquire F•••••• to Create the Premier Payments and Banking as a Service Platform
Evidence
P••••••• T••••••••• H•••••••• I••• to Acquire F•••••• to Create the Premier Payments and Banking as a Service Platform
P••••••• T••••••••• H•••••••• I••• to Acquire F•••••• to Create the Premier Payments and B | Private Equity Intelligence | DFX