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FT Partners Advises YapStone on its $60mm Debt Financing

FT Partners Advises YapStone on its $60mm Debt Financing

Overview of Transaction

  • On March 31, 2015, YapStone announced the completion of its $60mm debt financing package comprised of $20mm of subordinated debt from Bregal Sagemount and a $40mm senior credit facility with Comerica Bank
  • YapStone is a leading global provider of web and mobile payment technology solutions and expects to process over $14 billion in payment volume annually for mobile marketplaces, including HomeAway and VBRO, as well as for targeted, large vertical markets, including apartment and vacation rentals, HOA communities, self-storage and non-profits
  • The financing enables the Company to accelerate its growth initiatives in its existing markets and allows YapStone to aggressively pursue explosive growth opportunities in new verticals and new marketplaces
  • Bregal Sagemount is a growth-focused private equity firm with $650mm of committed capital
  • Comerica Bank is a financial services firm that provides business and retail banking and wealth management services

Significance of Transaction

  • This investment validates the increasing importance of technology-enabled payments providers and recognizes the strength of YapStone's service offering
  • Provides additional capital and key partnerships with Bregal Sagemount and Comerica Bank to accelerate growth

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor
  • Demonstrates FT Partners' continued strength in the Payments sector and ability to partner with leading firms and assist them in achieving their long-term strategic and capital raising goals
  • FT Partners also advised YapStone on its previous $50mm minority investment led by Accel Partners