William Blair acted as the exclusive financial advisor to Velocity Solutions Inc., in connection with its sale to H.I.G. Capital. This transaction closed on December 1, 2017, and represents William Blair’s 12th financial technology M&A transaction in 2017.
Transaction Highlights
- Trusted guidance and counsel: William Blair worked closely with management and the shareholders throughout each step of the transaction, providing tailored strategic guidance, coordinating a robust due diligence process, and negotiating key contract terms.
- Process and execution excellence: William Blair constructed and managed a competitive process and was integrally involved in navigating various buyer dynamics, ultimately resulting in a successful outcome for Velocity Solutions and its shareholders.
- Deep industry experience: William Blair demonstrated extensive knowledge and experience in the financial and bank technology sectors as well as strong relationships with and unique insight into the most likely financial and strategic acquirers.
About the Companies
Velocity Solutions is a leading provider of revenue enhancement solutions to regional and community banks and credit unions. Through its proprietary, multi-faceted technology platform, Velocity Solutions drives increased account activity, generates new account openings, manages overdraft services, and automates origination of small-dollar consumer loans. Velocity Solutions analyzes the transaction accounts of over 25 million consumers and businesses to improve profitability, reduce risk, and gain insight for the benefit of its roughly 300 financial institution clients.
H.I.G. Capital is a leading global private equity investment firm with $24 billion of equity capital under management. H.I.G. Capital has offices in Miami, New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the United States and affiliate offices across Europe and South America. With a team of over 250 investment professionals, H.I.G. Capital has substantial operating, consulting, technology, and financial management experience and specializes in partnering with committed management teams and entrepreneurs to help build businesses of significant value.
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