FT Partners Advises Central Payment on its Strategic Investment from TSYS
Overview of Transaction
- On August 9, 2012, Total Systems Services, Inc. (“TSYS”) entered into an agreement with Central Payment, whereby the Company was recapitalized and now operates as a TSYS affiliate
- As part of the agreement, TSYS made a strategic investment into Central Payment, becoming 60% owner of the newly-formed joint venture
- Central Payment is a privately held merchant acquirer — based in San Rafael, California — servicing small- to medium-sized merchants through an Independent Sales Agent (ISA) business model
- TSYS provides electronic payment processing and other services to card-issuing and merchant acquiring institutions worldwide
- Positions Central Payment to pursue additional growth opportunities and further scale the business by leveraging TSYS’ strategic relationships, processing capabilities and expertise in the sector
- Provides TSYS with a high-growth and very successful independent agent channel, while continuing to grow the TSYS merchant acquiring business (TSYS Merchant Services)
- FT Partners served as exclusive strategic and financial advisor to Central Payment and its owners
- Transaction highlights FT Partners’ deep knowledge and breadth of relationships in the Payments industry
- Underscores FT Partners’ continued dominance in the Payment Processing and Merchant Acquiring space