Vista Equity to sell TransFirst to TSYS for $2.35 bln

By Luisa Beltran — 1 week ago

TSYS said Tuesday that it has agreed to buy TransFirst from Vista Equity Partners in a deal valued at $2.35 billion. Hauppauge, New York-based TransFirst is one of the largest providers of secure payment processing in the U.S. As a result of the deal, TSYS said it would be the 6th largest U.S. acquirer based on net revenue, supporting more than 645,000 merchant outlets. Bank of America Merrill Lynch and GCA Savvian Advisors LLC provided financial advice to TSYS, while First Annapolis Consulting acted as strategic advisor. King & Spalding LLP provided legal advice TSYS. Credit Suisse, Goldman Sachs and J.P. Morgan provided financial advice to TransFirst/Vista. Kirkland & Ellis, led by Stuart Casillas, was legal advisor to TransFirst/Vista.

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Vista Equity buys TransFirst from WCAS

By Iris Dorbian — 1 year ago

Welsh, Carson, Anderson & Stowe has sold TransFirst to Vista Equity Partners. No financial terms were disclosed. Based in Hauppauge, NY, TransFirst is a provider of of payment tech solutions to merchants in the U.S.

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Reuters: Welsh Carson pulls TransFirst sale on recap, WorldPay -sources

By Reuters News — 3 years ago

Buyout firm Welsh, Carson, Anderson & Stowe has ended talks on the sale of payment processing company TransFirst to pursue a dividend recapitalization, as potential buyers held out for combining it with a unit of private equity-owned peer WorldPay, sources said. Welsh Carson had hired investment boutique Financial Technology Partners to explore a sale of TransFirst, hoping to fetch between $1.3 billion and $1.5 billion in a sale, people familiar with the matter told Reuters in September.

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