William Blair acted as exclusive financial advisor to Paymetric, Inc., a Francisco Partners portfolio company, in connection with its pending sale to Vantiv, Inc. The transaction was signed on April 20, 2017, and exemplifies William Blair’s continued market leadership in the financial technology and software sectors. William Blair is a leading technology advisor, having completed approximately 200 transactions since 2012, including over 125 financial technology and software transactions. William Blair’s extensive experience with integrated payments companies and software-led payment distribution companies includes the sale of PayPros, Accelerated Payment Technologies, and Auctionpay to Global Payments; the sale of SecureNet to Worldpay; the sale of Sterling Payment Technologies to EVO Payments; and the recapitalization of REPAY by an institutional investor.
Transaction Highlights
- Deep sector knowledge and positioning expertise: Paymetric recognized William Blair’s extensive knowledge and experience in financial technology and software sectors and how payments and software blend to create a distinct competitive advantage. Paymetric also recognized William Blair’s extensive transaction experience in the integrated payments market, understanding and appreciation for software-led distribution models, expertise in advising SaaS companies, and strong relationships with strategic and financial acquirers.
- Process and execution excellence: William Blair was integrally involved in each step of the transaction, driving a robust process with significant interest from a strong group of both strategic and financial acquirers, resulting in an exceptional outcome for Paymetric and its sponsor, Francisco Partners.
- Highly strategic transaction: The acquisition of Paymetric adds robust integrated enterprise payments and tokenization solutions to Vantiv.
About the Companies
Paymetric, Inc. is the global leader in integrated and secure electronic payment solutions for the enterprise to streamline the order-to-cash process, reduce the scope and financial burden of achieving PCI compliance, and improve return on electronic payment acceptance. Paymetric is a recognized industry leader with award-winning solutions and world-class client service.
Vantiv, Inc. is a leading payment processor differentiated by an integrated technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes, enabling them to address their payment processing needs through a single provider. The company builds strong relationships with its customers, helping them become more efficient, more secure, and more successful. Vantiv is now the largest merchant acquirer and PIN debit acquirer based on number of transactions in the United States. The company's growth strategy includes expanding further into high-growth channels and verticals, including integrated payments, e-commerce, and merchant bank.