Official Payments Acquired by ACI Worldwide

Thursday, November 7, 2013

William Blair & Company acted as the exclusive financial advisor to Official Payments Holdings, Inc. (NASDAQ: OPAY) in connection with its sale to ACI Worldwide, Inc. (NASDAQ: ACIW) for approximately $149 million. Since 2005, the firm has completed more than 100 transactions in the financial technology sector.

Transaction Highlights

  • Fit with William Blair’s Financial Technology Expertise: Official Payments was attracted to William Blair’s extensive knowledge and experience within the financial technology sector, as well as the firm’s strong relationships with likely strategic and financial acquirers focused in this area.
     
  • Strong Client Relationship Built on Trusted Guidance:  The firm has partnered with and performed various advisory engagements for Official Payments since 2009. This close relationship, together with our industry expertise in financial technology, enabled us to bring exceptional value to the transaction process.
     
  • Competitive Process Drives Attractive Valuation: Our team marketed Official Payments to a group of highly strategic buyers and industry-focused financial sponsors. This allowed us to complete a full market check and create a competitive dynamic to drive an attractive valuation.

About the Companies

Official Payments provides electronic payment solutions for more than 3,000 clients across all 50 states, Puerto Rico, and the District of Columbia. During the past year, more than 12 million customers and constituents of clients utilized Official Payments’ services. Official Payments was founded in 1991 and is based in Norcross, Georgia.

ACI Worldwide powers electronic payments and banking for more than 2,600 financial institutions, retailers, and processors around the world. ACI software enables $13 trillion in payments each day, processing transactions for more than 250 of the leading retailers globally and 18 of the world’s 20 largest banks. ACI Worldwide was founded in 1993 and is based in Naples, Florida.

 

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