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FT Partners Announces One of the Largest Financial Technology Transactions of 2004

Overview of Transaction
  • On August 3, 2004, Lynk Systems, Inc. ("Lynk") announced its sale to The Royal Bank of Scotland ("RBS") for cash consideration of $525,000,000
  • Lynk is the largest private non-bank merchant processor in North America and the 2nd largest private, non-bank merchant acquirer; One of the largest privately held financial technology companies in the world
  • Transaction futhers RBS's strategy of expanding agressively in the U.S. market, by aquiring a preeminent merchant processing and acquiring platform
  • Lynk is a portfolio company of world class private equity firms Sutter Hill Ventures and Technology Crossover Ventures
Significance of Transaction
  • Single largest private financial technology company sale transactions in years at a valuation of $525,000,000
  • Single largest ever Royal Bank of Scotland acquisition of a non-financial services business
FT Partners' Role
  • FT Partners acted as sole strategic and financial advisor to Lynk and its Board of Directors
  • FT Partners replaced one of the largest, most prominent investment banks in the world to gain exclusive assignment
  • Spent significant time with management and Lynk's entire senior management team
  • Combined existing knowledge of the merchant processing space with deep and intimate knowledge of Lynk story