FT Partners Represents Verus in the Largest Private ISO and Second Largest Private Merchant Acquiring M&A Transaction in the Last 7+ Years
Overview of Transaction
- On January 9, 2006 Verus announced its sale to Sage Group plc for $325 million in cash
- Verus is one of the premier providers of payment processing services to small and medium-sized enterprises ("SMEs")
- Top 5 private merchant acquirer in the U.S.
- Sage Group plc ($5.8 bn market capitalization) is a leading, U.K.-based provider of accounting and business management software solutions
- Largest private ISO and second largest private merchant acquiring M&A transaction in the last 7+ years
- Largest transaction completed by Sage since 2000
- Cross-border transaction involving a global European buyer
- FT Partners acted as sole strategic and financial advisor to Verus and its Board of Directors
- FT Partners was chosen by FTVentures, one of Verus' largest shareholders, to execute this critical transaction
- FTVentures is a prominent private equity firm focused on financial technology
- FT Partners has successfully executed the two largest private merchant acquiring M&A transactions in the last 7+ years - Verus and Lynk Systems