Overview of Transaction

• On February 14, 2022, FIS (NYSE: FIS) announced it has agreed to acquire Payrix from an investor group led by Blue Star Innovation Partners and Providence Strategic Growth for approximately $800 million
• Founded in 2015, Payrix is an innovative FinTech company that specializes in servicing software as a service (SaaS) companies who want to embed payments into their offerings and enhance the payments experience
• The Company provides the tools to create a seamless, embedded user experience and offers clients the choice of payment facilitation-as-a-service (PFaaS) or a full payment infrastructure (payment IaaS) product based on business appetite
• FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally

Significance of Transaction

• The acquisition allows FIS to enhance embedded payments and finance experiences for small- and medium- sized businesses (SMBs) in any industry, accelerating the Company’s fast-growing e-commerce business
• FIS will further capitalize on the fast-growing demand for embedded finance capabilities by combining Payrix’s industry-leading automated underwriting and onboarding capabilities with Worldpay

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Payrix
• This transaction underscores FT Partners' deep payments domain expertise and successful track record of generating favorable outcomes for leading FinTech companies globally