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FT Partners Advises Pivotal Payments on its Strategic Investment from Novacap and CDPQ

Overview of Transaction

  • On September 27, 2017, Pivotal Payments announced that it has received a strategic investment from Novacap and Caisse de Depot et Placement du Quebec (CDPQ), which values the Company at approximately $525 million CDN
  • Founded in 2003 and headquartered in Montreal, Canada, Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions
  • With operations throughout North America and Europe, Pivotal serves more than 50,000 merchants and enables over $14 billion in transactions on its various platforms every year
  • Novacap is a leading Canadian private equity firm with $2.26 billion of assets under management
  • Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans

Significance of Transaction

  • The new shareholders, who have extensive expertise in international business expansion, will enable Pivotal to pursue its plan to acquire new payment and FinTech solutions and expand into new markets
  • Pivotal Payments represents the second transaction completed between FT Partners and CDPQ in 2017 and represents CDPQ’s ongoing investment in tech-enabled businesses

FT Partners' Role

  • FT Partners has served as the exclusive strategic and financial advisor to Pivotal Payments and its board of directors for over eight years, advising the Company through several acquisitions and other financial processes
  • This transaction further supports FT Partners’ continued success advising prominent companies in the Payments and Merchant Acquiring space and highlights the long-term nature of many of the Firm’s advisory relationships