Vantiv to buy Mercury Payment Systems for $1.65 bln

Vantiv has agreed to buy Mercury Payment Systems for $1.65 billion. Silver Lake, which owns a majority of Mercury, is the seller. Durango, Colo.-based Mercury, a payment technology company, generated net revenue of $237 million in 2013. Mercury, which had filed for an IPO, said it will withdraw its registration statement filed with the SEC. Credit Suisse and BofA Merrill Lynch provided financial advice to Vantiv. Morgan Stanley was lead M&A advisor to Mercury, which was also advised by J.P. Morgan, Barclays and FT Partners.

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