Teachers-led buy gives Lindsay Goldberg exit from long-held First American
The fourth time is the charm for U.S. private equity firm Lindsay Goldberg, which finally has found a buyer for First American Payment Systems. An investor group led by Ontario Teachers’ Pension Plan is acquiring the payment processor, according to a July 18 statement. While the financial terms weren't announced, First American likely sold for around US$700 million, a source told peHUB. Lindsay Goldberg originally invested in Fort Worth, Texas-based First American, which provides payment processing services for more than 140,000 merchants, in April 2003.
22 July 2014•2 mins read
