Overview of Transaction

• On October 22, 2018, JetPay (NASDAQ: JTPY) announced it has entered into a definitive agreement to be acquired by NCR (NYSE: NCR) for $5.05 per share in cash for total consideration of $184 million
• The purchase price represents a 182% premium to the average 90 calendar day share price of $1.79 and a 146% premium to the closing share price of $2.05 on October 19, 2018
• Headquartered in Allentown, PA, JetPay is a leading provider of payment processing services, human capital management, payroll and payroll tax services
• JetPay provides card not present and point of sale solutions through its own proprietary front-to-back end platform, as well as a full suite of human capital management solutions
• NCR is a global leader in developing transformational transaction technologies including online banking, POS systems, mobile payments and omni channel solutions

Significance of Transaction

• The transaction will allow NCR to leverage JetPay’s current install base and deliver a turnkey, highly integrated POS / Payments bundle to NCR end-markets with an initial focus on the SMB market
• Additionally, the acquisition will expand NCR’s solutions platform, increase its source of recurring revenue growth and expand its margins by bolstering its mix of software and services

FT Partners' Role

• FT Partners served as the exclusive strategic and financial advisor to the Special Committee of JetPay’s Board of Directors
• This transaction underscores FT Partners' successful track record generating highly favorable outcomes for leading Payment Processing companies