Overview of Transaction

• Mercury announced its sale to Vantiv for $1.65 billion in cash on May 12, 2014
• Vantiv will fund the acquisition with committed financing; the transaction is expected to close in the second quarter of 2014
• This transaction is Vantiv's largest acquisition to-date (~5x larger than its acquisition of Litle) and one of the largest strategic merchant acquiring M&A transactions consummated in over a decade

Significance of Transaction

• Vantiv's acquisition of Mercury accelerates the Company's growth in the integrated payment space by significantly expanding distribution channels and technology capabilities
• Expands Vantiv's reach into the SMB segment through Mercury's distribution network, complementary verticals, and ability to design integrated, value-added POS innovations
• Enhances Vantiv's competitive position in the payments sector broadly on the basis of technology differentiation, leading processing scale, and omni-channel presence while increasing penetration into high growth channels
• Expected to add one to two percentage points to Vantiv's net revenue growth per year while being modestly accretive to Vantiv's non-GAAP earnings per share in 2014 with accelerating accretion in 2015

FT Partners' Role

• FT Partners served as advisor to Mercury
• FT Partners was also Mercury's advisor in the Company's 60% sale to Silver Lake in April of 2010 at a $900 mm valuation