Overview of Transaction

• Direct Connect announced the completion of its majority recapitalization completed by The Beekman Group ("Beekman") and Goldman Sachs ("Goldman")
• Beekman partnered with Direct Connect's President, who will continue to lead the Company and maintain a significant ownership interest going forward
• Goldman provided a majority of the debt financing
• Direct Connect is a leading provider of credit and debit card processing services
• Beekman is a New York City-based private equity firm focused on lower middle-market opportunities

Significance of Transaction

• Positions Direct Connect to pursue additional growth opportunities and further scale the business by leveraging Beekman's experience in building middle-market companies
• Beekman gains a partnership with a leading merchant acquirer

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to Direct Connect
• 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