Overview of Transaction

• On September 7, 2017, NMI announced it has received a majority investment from Francisco Partners
• As part of the transaction, Bregal Sagemount will be exiting its investment in the Company, while existing investor Great Hill Partners will remain a significant shareholder
• Headquartered in Roselle, IL, NMI is a leading provider of payments enablement technology for ISOs, VARs, ISVs and payment facilitators
• Francisco Partners is a global technology-focused private equity firm that has invested in over 200 technology companies since its founding

Significance of Transaction

• The majority investment will provide NMI with new capital to drive product innovation and expansion of its enablement capabilities.
• NMI has grown substantially in recent years as ISOs, VARs, ISVs and payment facilitators increasingly demand white label payment gateway and other enablement solutions; the new capital from Francisco Partners will allow NMI to continue to expand its core capabilities and customer service levels

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to NMI and its Board of Directors
• FT Partners previously advised NMI on its growth investment from Bregal Sagemount in 2013 and its growth investment from Great Hill Partners in 2014
• This transaction underscores FT Partners' successful track record generating highly favorable outcomes for leading Payments companies