Baltimore-based private equity firm Camden Partners led a growth financing, and majority recap of payment solutions provider Capital Payments. The financing also included participation from CCA Financial Partners, Hamilton Investment Partners, and senior management team members. Terms were not released.
The leading payment solutions provider to independent software vendors, Capital Payments, LLC, is pleased to announce its new partnership with Camden Partners. The Baltimore-based private equity firm specializes in growing lower-to middle-market companies, with targeted domain expertise in the payment processing and business service space.
Camden Partners will lead the growth financing at Capital Payments, LLC which includes CCA Financial Partners, Hamilton Investment Partners, and senior management team members. Providing management consulting and financial services support, this growth investment and majority recapitalization will enable Capital Payments to accelerate software development and increase its growth rate.
“Camden Partners has a long track record of providing private equity to innovative technology companies like Capital Payments,” said John M. Perry, CEO of Capital Payments. “We saw a real fit between their investment strategy and our business model. We are excited to work with Camden Partners and bring Capital Payments to the next level.”
“Capital Payments’ focus on the independent software vendor market, experienced senior leadership team, and ability to deliver technology-enabled value added solutions to small businesses attracted Camden Partners to this opportunity,” said Shane Kim, Partner at Camden Partners. “Camden thrives on serial relationships and our industry expertise within payment processing and ‘software as a service’ (SaaS) business models. In Capital Payments, we found a unique opportunity to capitalize on the rapid growth in SaaS while providing integrated IP based payment processing solutions.” Shane Kim and Todd Sherman of Camden Partners will join Capital Payments’ Board of Directors following the investment.
In addition, Capital Payments recently completed the acquisition of an undisclosed payment gateway provider concurrent with the recapitalization.
Capital Payments About Capital Payments
Capital Payments, LLC, is a leading provider of technology-enabled payment solutions to U.S. and Canadian merchants. Capital Payments provides debit/credit card acceptance, ACH processing, recurring and subscription billing, gift card and electronic check acceptance and more. Capital Payments works with leading Independent Software Vendors (ISVs) in a variety of industries to bundle payment processing with their software offerings, enhancing product value and increasing customer satisfaction. Capital Payments, headquartered in Atlanta, Georgia, is led by a management team with decades of payment processing experience and has additional offices in New York and Chicago. Learn more about Capital Payments at www.capitalpayments.com.
About Camden Partners
Camden Partners, founded in 1995, operates private equity funds that provide growth capital to emerging companies in the Technology-Enabled Business Services, Healthcare and Education sectors.