TSYS to buy Parthenon-backed Cayan for $1.05 bln

TSYS said Dec. 18 that it has agreed to buy Cayan for $1.05 billion. Parthenon Capital Partners is the seller. Cayan, of Boston, provides payments technology and merchant services. BofA Merrill Lynch and Greenhill & Co LLC provided financial advice to TSYS while Alston & Bird LLP was their attorney. Financial Technology Partners LP supplied financial advice to Cayan while Kirkland & Ellis LLP acted as legal adviser.

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