Vista Equity to sell TransFirst to TSYS for $2.35 bln
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.
27 January 2016•7 mins read
