Overview of Transaction

• On August 1, 2014, PSP International announced the sale of its minority stake of eNett International to Travelport
• eNett is a global provider of Virtual Account Numbers (VANs) which are used to make supplier payments in the travel industry
• PSP International is a leading developer of and investor in world-class payment solutions that can be tailored to meet the needs of virtually any industry sector
• Travelport is a leader in web-based travel e-commerce, and a provider of the most relevant and cost-efficient technologies and services available to participants of the global travel distribution chain
• The terms of the transaction were not disclosed

Significance of Transaction

• Combination continues to strengthen Travelport's offerings in the payment space as the Company prepares to go public
• Transaction provides both businesses new and innovative tools to enhance product offerings
• Achieves highly attractive outcome for both PSP International and Travelport, and values the eNett business at $450mm
• Travelport adds to its majority stake in eNett
• PSP entered into long term agreement with eNett to provide various banking services to the company, including becoming the primary issuer of VANs

FT Partners' Role

• FT Partners served as exclusive strategic and financial advisor to PSP International in its sale process
• Underscores FT Partners' continued success in advising a broad range of top-tier payments companies